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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
ENGI has been trading in an upward channel (red lines). It hasn't been able to break the neck of W formation this time. Likely to go down a little further, max. up to the lower red trend line and break the W neck during next upward trend. Price target of 16 by end-2023.
Engie - 30d expiry - We look to Sell a break of 14.09 (stop at 14.61)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Short term RSI is moving lower.
Momentum is stalling with the posting of new highs and indicates bearish divergence.
A higher correction is...
Engie - 30d expiry - We look to Buy a break of 12.42 (stop at 12.04)
Daily signals are mildly bullish.
A break of resistance at 12.40 should lead to a more aggressive move higher towards 13.00.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
Levels close to the 50% pullback level of 11.34 found buyers.
Our profit targets...
Hello fellow traders,
This investment idea might be for you if you are interested in the energy sector. I've already opened my position with a sniper entry (for now). Take this for what you want, I did not do any fundamental analysis.
Since this is an investment, I am prepared to add to my postion, should price drop to the Stop-Loss.
Take a profit when the trade...
The stock is undervalued and can rise fast,
the weekly chart highlight a negative pressure ( yellow marked on 2nd chart ) that is reducing, in one / two weeks at least is would be positive and the stock can start rising
Engie was since begin 2017 in a uptrend, it even breaked through the resistance at 15€ in februari 2020 ... then "corona" hits the market.
Possible it find support at the levels of the bottom of 2013 (point 1) and 2017 (point 2)
Maybe it returns to his uptrend again if the markets go "normal" again.
The upward trend is fundamentally substantiated.
The operating...
$ENGI.PA (Engie) - Alerted last at €15.19 now €16.16
Form : Bullish
ENGIE trades on a P/E ratio of 43.9, With meaningful debt and a lack of recent earnings growth, the market has high expectations that the business will earn more in the future.
The company pointed out it has to enhance the growth potential of each of its activities, simplify its organisation...
Engie is currently drawing a double top (T1 - T2) confirmed by the break of the neckline. The stock is currently doing a pullback on the neckline (classical behavior of double top pattern) before to go down again.
Objective 1: 10,5€
Objective 2: 10€
![ENGI: [Investment] ENGI long](https://s3.tradingview.com/u/ulzgYkWM_mid.png "[Investment] ENGI long")
