Not sure about the irregular flat pattern (correction of the high @10,865) but assuming the last movement was a C wave and assuming this C wave can be divided in an 5 waves impulse then the low would be behind us @9,159. A little frustating is the fact that the gap @9,156 has not been filled
Anyway in this case a entry point would be the breakout of the 4th wave...
- Orange market will go up so
- According to my vision it's the best time to buy
- BUY and make money ..... The percentage of
the descending of the market is 0%
Orange is a clear underperformer to othe telecomication companies.
It crazly fast came back after the covid drop but then stay sidewards for many month.
It's an high dividend and value stock.
I put in a signal if it breaks out on trend channel, then it could develop to a buy... currently I am neutral
Rupture du triangle + golden cross imminent + rupture des 0.236 = premier objectif 0.382 (11.05€) / deuxième objectif 0.618 (12.56€) / troisième objectif 0.786 (13.625€)
I expect the price will carry on inside the descending channel in 2021 as the french market may soon face headwinds (rising inflation, rising treasury yields, global consolidation after long bullish trend).
In addition Orange also recons difficulties ahead in 2021 to generate free cashflows, a situation likely to improve in 2022 according to the management. 2022...
By Sun Storm Investment Research
A Profit & Solutions Strategy
Web: sunstorminvestment.tk
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
ORA.pa bullish scenario:
We have technical figure Triangle in French company Orange S.A. (ORA.pa) at daily chart. Orange, formerly France Télécom S.A., is a French multinational telecommunications corporation. It has 266 million customers worldwide and employs 89,000 people in France, and 59,000 elsewhere. It is the tenth largest mobile network operator in the...
ORA.pa bullish scenario:
We have technical figure Triangle in French company Orange S.A. (ORA.pa) at daily chart. Orange, formerly France Télécom S.A., is a French multinational telecommunications corporation. It has 266 million customers worldwide and employs 89,000 people in France, and 59,000 elsewhere. It is the tenth largest mobile network operator in the...
L'action orange a atteint son point bas. L'indicateur Stochastic (34,5,50) est en sur-vente.
J'envisage une possible montée du titre vers la résistance des 15,00 euros.
This year in the report , the heads stated that they will increase the dividends by 0.05 euro cents. Meaning - earnings are better. As earnings are rising, dividends risen also, the stock moved higher, the questions is for how long. As it was floating in a highest range for quiet some time, I assume there will be the market correction to the bigger channels...
Follow the comments on the chart! if If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closed price must be below the Stop line, the shadows are not acceptable
Orange SA engages as a telecommunication services company, which operates mobile and internet services. It provides telecommunication services to multinational companies, under the brand Orange Business Services. The company was founded in 1794 and is headquartered in Paris, France.
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