Strong resistence @ 36. target: 26 Breaking above the downtrend line could be bullish. I'm pretty bearish overal so it might not be sustainable until proven otherwise.
These tight longs are the best. Very favorable risk-reward. Breaking this current orange downtrend *tik tik* will result in a rally with a possible . Ill restrain myself from too hih targets, so initial target is 30.5-32 then 36 and 40. with INVALIDATION @ 25.80 (new lows) We could still push lower, following the current orange downtrend. Zooming out this is the...
Are we going to gain the last high here and make rotation, or are we ready to take suffering retailer COLRUYT some more. After gaining I am willing to pick a position on a Higher Low , ... At the moment looks like we are rejecting, going to hold my attention on COLRUYT.
It seems to move between the 0.236 and 0.382 (local fib). From here we can find support on the 200MA and start a new rally or test the bottom of the range again, both are good OB's imho. As you can see the support/resistance (S/R) line around €49,32 changes the bias for over a year now. DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only...
It seems to move between the 0.65 and the 0.236 (fib local high/low) and now testing the 200MA. From there we could build another rally and escape the current range or go back to the lower range. There's a S/R line around 49.72 which flips bias between support and resistance for over a year now. DISCLAIMER!!! I'm new to analysis since November 2019 and this idea...
Kopen ALS de Colruyt hoger gaat op 16/3 - verwacht een 'relief rally' - nu 39% drop Low RSI, positieve RSI Divergence Support/bounce op long term uptrend (4). Goed in het nieuws gekomen. omzet zal stijgen door coronavirus. botst op 2010 high & 2017 low (double bottom?) HIGH Volume drop -> verwacht prijsactie in de tegenovergestelde richting
Would not short anything yet. I only take 10%+ opportunities. I see 8 only. (nah kidding) Dont know much about Colruyt really. I go to Lidl and Aldi. Taking Profits for sure.
//TODO //TODO //TODO
The stock is currently still in a mid-term downtrend. It looks like a range is developing. My idea is to stand aside, and go long when the stock reaches 43.40 EUR. Sell around 45.40 EUR. I will probably use a turbo long, depending on the available options then.
PRO : 1) The volume increased in the uptrend, and remained stable during the pullback. 2) The support line hasn't been touched anymore and it looks like the stock is making higher lows. AGAINST : 1) The latest uptrend contained a lot of doji's with increased volume. That worries me, I would have hoped to see higher closing prices.