I like the price action here. We've seen a strong move off of the March 2020 support and it's just beginning to look like "W" continuation pattern. I think the next dip can be bought (sub CHF133.00) with a stop just below support (CHF 131.00).
Nestle is ready to climbing up again after retracement until 120.025. As long prince not making low than 133.335 there is high possibility to continue for long.The first hurdle is 149.885
NESTLE (M) BHD (Potential Buy), wait for the price to break the golden line for go long
Laburlah Technical Coverage (30-APR, Monday): NESTLE Technical Analysis Breakdown 1. Trend: Bearish 2. RSI & MACD: Bearish 3. Parabolic SAR: Bearish 4. Remarks: Broke down from MA50 5. Supporting zone: 121.36 - 128.01 Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before...
Laburlah's Daily Complimentary (15-MAR, Thursday): NESTLE Technical Analysis Breakdown 1. Candlestick formation: Bearish engulfing 2. RSI: Bearish 3. Stochastic: Bearish crossover 4. Resistance: 121.55 - 127.88 5. Risk: Growing selling pressure Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do...