Total has been trading in channel since a few days, and a potential break out is maybe soon happening with a nice gain opportunity.
The weighted 200 MA is about to be crossed upward by the stock which is a good buying signal.
Potential to see a 5 % upward movement in the stock in the relatively short term ( 2-3 weeks ).
If it reach 40 dollars is a buy. Reactive trendline, low of a 5 year range, last time that it reached this level was 3 years ago. Substantially strong support.
BIO
Our Proprietary Trading System indicates the following:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bearish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by...
Greetings everybody,
Mostly everything is said in title - Total shares could reverse down from 60 EUR level.
On lower time frames, even minor monthly retracement could lead to solid bearish trends.
Quote: "In just one week Bridgewater, the world’s biggest hedge fund firm, more than quadrupled how much it’s betting against European Union companies. The firm, run by Ray Dalio, has at least $13.1 billion in shorts, or wagers that a stock will fall, according to EU regulatory filings. That’s up from the $3.2 billion it had disclosed on Feb. 1. It also more...
I think that the actual trend is bullish.
2 candles in 4 hour timeframes are over the support of 48.01.
Actual range is 48.01 - 50.08.
In the bullish scenario (that seems to be confirmed) :
- Price may go up to 50.08
- If price gets over 50.08 then next resistance may then be 50.94.
The french blue chip Total (FP, 111b € of Market Cap), from the oil industry, is inside a bearish dynamic since June 2014. This is characterized by lower tops and lower bottoms.
Currently, the buyers seemed to have taken back the advantage, but the Major resistance area at 45.00€ is still preventing the stock from going higher . As long as this level is not...
I think that if the price gets over 43.39 then it will go up to 43.49 and eventually 43.60.
Price may stay in a range that is 43.30-43.29 (support-resistance).
