I like where this sits on the daily. We may be gaining some momentum long term even with uncertainty in the market. In my opinion, $UL is not a failing company and customers still use their products for daily needs. I believe this here is a discount from its previous high. Let's see how much price can retrace the most recent high. Last time price was in this area...
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
Hi all,
Do I need to say more? Check the weekly chart of Fugro and see what happened after a triangle that formed for about 3 years (2011-2014). This one has been forming for about 2,5 years... Unilever made an early top in September 2019 and according to my own theory, sometimes gives big hints of what is to come or a big top or bottom in the overall...
WEEKLY CHART
Both moving average and 20 years trend channel shows that Unilever makes you money around these areas.
52 to 50 is perfect entry areas I believe.
Patience pays off...
Unilever has been in a wedge since over 2 years...With the resistance line being solid since April 2009.
- This resistance line saw only a wick breakout during the Corona panic dip March 2020.
With the price so close to this resistance and the wedge pattern coming near in 2022...I am going long UNA 2022 let's go
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
Unilever on Thursday reported higher-than-expected third quarter underlying sales growth, as it hiked prices in response to cost inflation. The consumer goods and food maker said underlying sales rose 2.5% for the three months to September 30, beating the 2.2% of analysts' forecasts. Growth was boosted by good demand in the US, India, China and Turkey, while a...
The weekly SSB was my inflexion zone here. I was waiting for rejection from that zone and we got that today so i jump in. Two small positions with the 1st TP being the weekly Tenkan and the 2nd TP being a Monthly Kijun.
Entry: 4204
SL: 4307
TP1: 4045 (R:1.54)
TP2: 3803 (R:3.89)
The operative phrase here is 'small positions'. . .
Hi all,
ULVR looking very attractive at the moment, as a triple bottom has formed from prior resistance around 3700 GBX.
I see this as a floor and any touches over the coming weeks will be a good chance to accumulate the name.
Could see Volume resistance around 4300 GBX
We can see a wedge forming with long-term dynamic support and recent downwards resistance...
Multiple scenarios available:
a) If long term support (purple) is able to squeeze price past fiv lvl 0.236 and past the descending yellow resistance = BUY.
b) If price is not squeezed and falls through the purple support, it plays into the descending pennant. Fact that i broke longterm bull trend in bad sign.
If it breaks the descending resistance its a...
