#1COV • Covestro AG • XETRA LONG TF H1, TP = 51.31 , SL = 45.70 The trend continues, the nearest support level according to my calculations TP = 51.31
Watchlist and Model Portfolio Updates are provided.
Covestro has just been added as a 12.5% position to our model portfolio. Some comments: 1. 7/8 qualifiers of Minervini's trend template are met and the stock is in a confirmed phase 2 uptrend. 2. Stochastic RSI are indicating an entry coming our of an oversold position. 3. This is a pullback entry following a healthy pullback over the last 2 weeks under low...
Correction seem over and wave 2 finalized Now wave 3 of (3) seems to have started Bullish till end of 2022 according to this analysis
Friday bear run looks scary but I am optimistic about the paper and I would like to see the break of the ceiling. No targets since the bigger picture is set for something significant.
All my EMA´s are about to break through. So there will be a chance to take profits. Bye
Covestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Price is at an interesting juntion. Since the recovery of price from pandemic levels, the price has rocketed up. Along the way, price has touched/breached the 50-day MA - four times so far, including now (since march 15). The RSI is 45.10. If price can...
1COV - It is in ABC zigzag up cycle from major low in 2 hr time frame. The 4th of C wave is about to start moving down as correction and one more up cycle is due to finish the whole sequence. Give thumbs up if you really like the trade idea/analysis.
mia view......dello sviluppo dell'onda in corso
canale di trend per onda in corso
Covestro AG (1COV - Xetra) is in ABC zigzag move down in 2 hr time frame. Where wave A impulse and B complex corrective wave as wxy were over. 1st wave of C wave down was also over and price is in 2nd wave correction as abc in progress. Wait for c of 2nd wave to over to sell it down for big C wave with stop loss of 36.28 level. In weekly time frame it is in huge...
If it brakes one of the lines it is possible to reach 35.5 or move back down.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Waiting for a push to the upside on this stock. If we get one a possible target will be 60.52.