Stellantis ( NYSE:STLA ), the global automotive powerhouse, has inked a transformative deal with leading leasing and fleet management company Ayvens. The agreement, announced recently, charts a course for the sale of up to 500,000 vehicles across Europe within the next three years, marking a significant milestone in the realm of sustainable mobility.
The...
Hey guys,
I previously posted a larger degree bullish move for NYSE:STLA and this is a lower degree bullish move along the way that can be taken.
We see the following indicators that increase the probability of a bullish move,
1. Nice clean larger degree impulse
2. Clear corrective structure down to 61.8%
3. Impulse on lower degree breaking out of larger degree...
#STLA appears to breaking out of a daily contracting flat with bullish confirmation on the lower degree.
Look for buys to take on the lower degree along the bullish move up to take profit levels.
Stellantis: The Nvidia of Autos has formed a Bearish ABCD that is visible on the Monthly Timeframe with MACD Bearish Divergence and Bearish PPO Confirmation. If this plays out, we could see this go towards the C level, which aligns with the 0.786 retrace at €4.48
Although there is a cup-handle formation on the chart, the targets are determined according to Fibonacci. Let's look for closures where I indicated with X for the formation.
On the weekly timeframe of the STLA chart, we can see an ascending triangle forming. An ascending triangle is a bullish formation.
It's interesting to watch this asset during 2023 for the price to break out of the triangle to the upside. The breakout-line is shown on the chart. When this happens the pattern gets confirmed and trade can be entered by taking a...
STLA:
The company is huge!
It's french-american and combines PSA (Peugeot, Citroen), Fiat, DS Automobiles, Chrysler with Jeep, Dodge, and many many others.
This company has a great future if the next generation products will arrive. Electrification will boost revenue and margins.
Short it the next weeks, you will see a correction based on no current model...
My trading idea for Stellantis : Buy / LONG
Target: USD 15.00 (+16% gain)
The carmaker formed by the merger of FCA and PSA will report its financial results on 28 July. Positive results are expected as margins have increased.
There is also a robust support line in the USD 11.00 to USD 12.00 range. This was successfully tested in July.
if it cannot break back above short trigger at 13.78 we will most likely see a test of 12.61-10.27-7.94, but a break past trend resistance/15.28 will give us a nice bull rally here.
