Action - Renault is quite difficult to play. They play HH and LL. You need to look at the upper and lower limits of the channel. You can see that they are using the fibo fan. It seems to me that they will go back to the price - EUR 32, and then it may go down to EUR 30 again and quickly bounce back up. As you can see, they have time and they are in no rush to...
hi, Renault stock is one very interesting one. It is like a child. It likes to make many funny things. It is full of emotion. It likes to make tricks.
Please look on the gan square - our full of color umbrella like a sun. It has got many light rays.
Please look on the patterns - it look like that bottom was 23 - 24 eur and it was a test. Right now 31 - 33 eur...
hi, for those who fell "car manufacturing world", I would recommend for your observation Renault. I suppose that it is going to touch down the support line - around 27 eur - 26.5 eur.
Please look on the DAX and CAC - they are right now on the top of the hills. There is a possibility that the index will move down stocks.
We are in the middle of recession, PMI...
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...
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...
