We are currently in an uptrend with the 200 green ma line slooping up and the price beeing above it.
We hit a support that has previously been resisistance with multiple tops in the past.
From this support we have had positive uptrend bullish candles.
Now we set stoploss under the last bottom and go for a 1/1 ratio stoploss and take profit.
E.on seems to have broken the support. I went short with a stop at the may high. Would expect a drop towards the 100sma, so target is 10,70ish at the moment.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Following daily.
I got a long signal with my system.
Hard TP 9.3
But I'll publish a dynamic SL and target. If you want to join trade, please follow my updates.
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 10.93 EUR
E.ON definitely found its new bullish upward trend-channel.
1. It's very narrow up until now, so it might be expanded above or below the existing channel and end up with abput the same width as the old bearish channel in the next months.
2. Red lines show support, green lines major resistance.
3. My pesonal price target is the upper green line at 9.72 by end of...
Ichimoku setup is neutral, with some bullish bias in EWO and Heikin-Ashi indicators.
Earnings will be out two days from now.
As price is pretty close to Kumo and downtrend line, set your alerts and don't hesitate to enter long if it breaks out.
By the way, this stock has an excellent Dividend Yield, and they do serious steps to turn it more into a green energy company.
EON is an electric utility company based in Germany, In the near term price appears to be bearish and headed for a re-test of the lows of March 2020 (lows are shown with the blue arrow). RSI on the daily is below 50, indicating that a bearish trend is intact. Price is in the lower part of the pitchfork, headed for the monthly horizontal support line (green). Keen...
Long idea $EOAN EO.N SE (XETR)
200ema as support / daily support range and gap close maybe its not the best spot but we give it a try for hold and thats why we are using only a small amount for this kind of trade!
1). Limit Buy: 9.805€
2). Limit Buy: 9.795€
3). Limit Buy: 9.670€
Average price: 9.735€
1). Take Profit: 10.445€ (+7.36%)
2). Take...
