Short HEIA - 97.62
Stop Loss - 99
Take Profit - 95
Hold for about a week, close out in 3-4 days if trade goes in your favour and price has started idling.
If price has moved against you, but has not hit SL, leave the trade open unless you need the cash for another trade.
Good buying opportunity for Heineken if the support holds. The stock price needs to drop to 77,68, before bouncing back up on the support. First resistance is R1. We will have to see if it can break through this, let me know in the comments !
what do you think about my idea?
Old Resistance @~79.60 becomes new support @80.10 after the break.
Range of around 8% could be very lucrative?
Buy @ 80.10 -81 EUR
Thanks for your Input, it's my first publication.
(Bloomberg) -- Heineken NV, Anheuser-Busch InBev NV and other brewers finally have a glimmer of good news in the fall- out from the coronavirus pandemic, which forced the shutdown of restaurants, bars and pubs in large parts of the world.
The latest Nielsen data for Europe for the four weeks ended April 19 show solid growth trends, according to Goldman Sachs...
Heinken completed large degree five waves up and it is now being followed by a three-wave decline toward 52, the first downleg of which is complete. Short term, we should see a corrective rally in wave ((B)) that will set the stage for a renewed impulsive decline in wave ((C)).
Not a super convincing setup, but definitely worth the trade! Remember, I only trade with 1% risk of total capital and you should too.
- On the daily we see price below the kumo cloud + a failed swing pattern for HEINY.
- Uptrend line of this little move up broke.
- I'm looking for a close below the kijun here > Renko shows me this is the case.
- Although we will...
Stock has been undervalued for far too long. Nice opportunity for a buy, especially considering the divergence on the RSI and the oversold area of both the RSI and MFI. Solid company with solid financials.