Hello ladies and gentlemen, according to my graphical analysis of EURONEXT:RNO , there is a high probability of a decline towards the 23,80 EUR level in the next few months!
Renault - Intraday - We look to Sell a break of 26.79 (stop at 27.56) Short term momentum is bearish. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 26.90. Bespoke support is located at 27.00. A break of 26.90 is needed to confirm follow through negative momentum. Daily signals are mildly...
Renault Short Term - We look to Sell at 25.20 (stop at 26.10) Preferred trade is to sell into rallies. Bespoke resistance is located at 25.50. Our overall sentiment remains bearish looking for lower levels. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 21.71 and 19.51 Resistance: 25.50 / 28.00 /...
History seems to be repeated (on monthly time-frame): RNO has been consolidated (again) in a big triangle after bearish rally since the end of 2018. This price action was seen in 2009-2012 after a big fall linked to the automative crisis in 2007-2008. In my opinion, it's time to accumulate RNO (around 21-23 euros) and hold for 3-4 years. Expected benefit is...
Here is three possible qualified zone on European share Do risk free and trailing stop. Regards
Renault - Short Term - We look to Sell at 25.49 (stop at 26.70) Price action is forming a bearish flag which has a bias to break to the downside. Bespoke resistance is located at 25.50. Our overall sentiment remains bearish looking for lower levels. The bias is still for lower levels and we look for any gains to be limited. We look to sell rallies. Our profit...
Renault - Short Term - We look to Sell at 34.46 (stop at 35.55) Trading within the Channel formation. Price action has continued to trend strongly higher and has stalled at the previous resistance near 35.00. We look for a temporary move lower. Selling spikes offers good risk/reward. Our profit targets will be 31.88 and 30.29 Resistance: 35.00 / 37.00 /...
The technical figure Triangle can be found in the French company Renault SA (RNO.pa) at daily chart. Groupe Renault is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured trucks, tractors, tanks, buses/coaches, aircraft and aircraft engines, and autorail vehicles. The...
Renault RNO incoming Chief Executive Luca de Meo said : could deliver a positive surprise for investors
Nailing expectations on the ZOE 70K expct. vs 45K planned.
leave a comment in French or English if you want to share your point of view. All comments are welcomed
This is a long term weekly GoNoGo Chart of Renault. Interesting few weeks ahead. Note how the “NoGo” trend has bottomed and has formed an ascending triangle with higher lows. Price is nearing the upper bound of the triangle and as it does so has painted amber “Go Fish” bars, meaning that there is no recognizable trend currently. The GoNoGo Oscillator is...
The European carmaker is building a very bullish formation with a strong uptrend. Potential short term trade on break above resistance.
EURONEXT:RNO Muy buenas noticias para Renault esta semana pasada con un nuevo plan de reforma elaborado por Lucas Meo, nuevo fichaje de Renault. A tener en cuenta que la marca tiene segmentación en coches baratos, Dacia y la mirada puesta en coches eléctricos, no pinta mal la verdad.
RSI, Moving average (50 and 200), Volumen y Resistencias y Soportes
Renault looks like a very good investment at this point. Probably one more move down to finish this whole bear market we are in. Targets are not decided yet, But a move off 400% is atleast expected.
On 7/30/2020 both JPMorgan Chase & Co. and Goldman Sachs Group Set Price Target for RNO stocks to €29.00. If you are interested in an indicator which can deliver accurate buy and sell at a beginning of a candle, not the end of it, like most do, just give me a PM for a trial period. Can be used in every market.