Alstom - 30d expiry - We look to Buy at 22.22 (stop at 21.24)
Previous resistance at 22.00 now becomes support.
22.02 has been pivotal.
A lower correction is expected.
We look to buy dips.
Expect trading to remain mixed and volatile.
Selling posted close to the previous high of 25.67.
The daily chart technicals suggests further downside before the uptrend...
Alstom - 30d expiry - We look to Buy a break of 22.51 (stop at 21.29)
There is no clear indication that the upward move is coming to an end.
22.42 has been pivotal.
The previous swing high is located at 22.37.
A break of resistance at 22.40 should lead to a more aggressive move higher towards 24.80.
Our outlook is bullish.
Prices have reacted from 16.04....
Alstom
Short Term - We look to Sell at 21.65 (stop at 22.65)
A shooting star has been posted as prices reject the higher levels. Posted a Bearish Outside candle on the Daily chart. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 21.65, resulting in improved risk/reward. We have a 61.8% Fibonacci pullback level...
Long term highly likely to profit from major ESG investments of the EU.
Short term need higher high to confirm bottom is in, will update upside target once 1-2 setup is clear.
RSI and stochastic indicate leaving oversold zone and ready to take off.
Disclosure:
Long term holding will be re-evaluated after reaching 50 and 65 respectively, to cut loose if 26.85...
Here is a long term idea on Alstom EURONEXT:ALO a French multinational rolling stock manufacturer.
I will make a case why a long term view on the company is warranted from technical analysis with some commentary on its financials and business operation.
Technical
The weekly chart is presented here. It shows bullish momentum as indicate by my directional...
Hello Reader,
The last call was quite good... Check by yourself, the related link below.
With this new post here:
The price entered a breathing period where it needs to gather and collect more orders in the market.
So i don't ride it but i find/suggest find other stocks which you are confortable with ! Don't touch #ALO for the moment.
In the today's...
Long term highly likely to profit from major ESG investments of the EU.
Short term need higher high to confirm bottom is in, will update upside target once 1-2 setup is clear.
RSI and stochastic indicate leaving oversold zone and ready to take off.
Disclosure: beside long term holding, already bought Sep 2022 calls, strike 40 & 45 for short term plays, start to...
The low made in the march will be breached before the mid- 2021
Because of the multiple rejection from the HTF-Monthly and weekly chart
The short term market will bet in cycles but the bearish momentum is in play !
We can only frame the the short-selling positions in the #ALO
We wait for the price to reach for the around 27.00. Then we can prepare for the BUY.
It's to late to get ride in the bearishness. Don't chase the price, We wait for the price to come to US.
Then we can take the next turn-over and ride with the trend "Bullish". Watch the news coming for the ALO may be GOOD.
For the price to climb ASAP this #coronavirus has to...
We should wait for the monthly close to decide when to buy Alstom stock as if we close below 34.37 we will go toward 29.84
My level where I think it´s a good opportunity to buy is 29.84 them 25.13
The Dividend yield is 15.28% but P/E is 26.14 (price to earnings ratio ) a little high for me
Alstom has a superior ROE than the average (8.2%) company in the Machinery industry. Alstom has a debt to equity ratio of 0.27, which is far from excessive. Its very respectable ROE, combined with only modest debt, suggests the business is in good shape. This is a good Long.
It is the perfect time to short alstom.
1) Double top T2.1 T2.2 confirmed (break of s1)
2) Double top T2.1 T2.2 will allow to break S2
3) Break of S2 will confirm reverted cup and handle T1 T2
4) Objective is 33€
5) Probability of success of the pattern : 82%
HERE WE HAVE A BIG DESCENDING TRIANGLE. LONG OR SHORT THE BREAKOUT POSSIBLE . PERSONALLY I EXPECT THIS ONE TO BREAK DOWNWARDS, DOWNWARD BREAKOUTS WITHIN A THIRD OF THE YEARLY LOW CAN DO WELL.
