MBG showing extreme SHORT moves past couple weeks. We can clearly see a strong band between 50$ and 57$. It seems like LONG positions entered anywhere in this area would generate a good profit. Be aware that this would be a "Buy and forget for a couple of weeks." trade.
The stock seems to have support here with a developing cup & handle patten which will target gap close at 61.40
Bullish MACD crossover
Buyzone: 57-56
Stoploss: 55
A **Cup and Handle** pattern is a technical chart pattern that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. This pattern is...
Good fundamentals
Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. The company develops, manufactures, and sells premium and luxury cars and vans under the Mercedes-AMG, Mercedes-Benz, Mercedes-Maybach, and Mercedes-EQ brands, as well as related spare parts and accessories. It also provides financing, leasing, car...
Mercedes is about to park wave (2) in magenta in our green target zone between €67.31 and €77.90. Once this top is placed, the share should continue the overarching downward trend, dropping below the support at €60.72 and (after a short countermovement) further southwards. There is a 30% chance, though, that Mercedes could leave the green zone on the northern side...
Why should we short Mercedes-Benz?
1 - they hung up on the phone with Hitler who made them millions of dollars in WWI
2 - There's a huge resistance at 75 dollars
3 - they refused to pay for a car they invented that was literally my address: 63 Madison ave AMG
4 - I already asked Doug Clark (my former manager at ITG Global) to alert the CEO of Credit suiSSe to...
Mercedes-Benz is still making high quality cars despite inflationary pressures reducing profitability in the auto-industry.
Hitler had a special relationship with Mercedes (the name of a Spanish relative of mine connected to Carmen Gabriel).
It will be interesting to see whether or not the price will break above the overhead resistance. I guess it will depend...
Mercedes-Benz has found a parking spot in the big green parking lot between €67.31 and €77.90 and is about to finish wave in green. Though, as the course has just turned slightly downwards, the current movement could also already be complete. As soon as this high is finalized, the share should pay its parking ticket, leave the parking lot and drive southwards,...
Hello friends
If Mercedes-Benz can reject the upcoming resistance, it can reach the specified area over time. Of course, this correction may be done in 3 steps and we will continue to decline and then rise.
Mercedes Benz is back on track and working its way up to get to the green target zone between 67.31€ and 74.77€ to complete green wave . Thereafter, we expect the course to drop into a superior correction below the support line at 56.52€.
After the return of the price from the upward trend, which it respected two weeks ago, and more, it is expected that the price will rise, and the least estimate to reach it is the resistance at the top, and it is possible for it to penetrate it.
MBG has reached its upper-range channel. Based on this channel, if MBG could reach the next upper channel, it would record a higher high. That is unlikely to happen with the current energy prices Germany has to pay. My view is that MBG has already reached its secondary peak. MBG will soon be entering a prominent bear market.
MBG SHORT IDEA
keeping it simple
In the bigger picture (global economics) i dont see a reason to flourish with that in mind it seems rather over bought sad to say
considering they went public this year
t/a
snd zone reached this is where i get logical with the fundamentals
then follow the strategy lead
if it does break we gone be looking at a good...
Cup handle formation Let's look for closures in the place I indicated with X for the formation to be valid. Pay attention to the wedge indicator resistance in the weekly time frame. Targets are determined according to Fibonacci.
