Heidelbergcement's future not looking good amid a raising interest rates environment for real estate promoters.
Technical analysis: Bearish
A Head and Shoulders pattern could be underway since Sep 2022 and once the stock has reached a double ceiling level at 77.50€. Besides, a Dark Cloud cover was formed on Friday 29th of September in the right shoulder and...
#HEI • Heidelberg Materials • XETRA LONG TF H1
TP = 74.24 , SL = 71.24
The trend continues, the nearest support level according to my calculations TP 74.24
Technicals
The 50 % retracement of the correction from the bullish movement from the high last April was reached. It's a healthy correction so far.
We're above the EMA 17 and SMA 30 and 50 on a daily basis.
An inverse shoulder-head-shoulder-formation has been built and already broken.
As we have cut through the SMA 200 (red) without any major...
HEI had some strong preset but Friday clouded the outlook. By the way, I m gonna look if they needle back into triangle and buy there to see the rush higher. Thanks god for alerts!
Heidelberger Cement had a good business in the last year with an enormous rise in dividend.
The building boom after corona is in the beginning, so it should be profitable.
The stock is currently on a strong trend line and MA200 (4d), which where support in the last months.
So a position good bring a good profit here.
Hello People,
Heidelberg Cement creates a triangle in a wave b ( green ). The next wave is also finished ( green c ), therefore it could go down, to form the upper wave 5 ( yellow ).
May the force be with you.
13 TD Countdown Exhaustion.
In a very supportive area.
Close to the 0.618 retracement level from the multi year rally begun in 2011.
Stochastics showing positive divergence forming. Bottom forming similar to 2008/09 GFC.
Targets 68 / 79
Stops 51.00
As you can see we are about to leave the downtrend. Have a look at the daily chart to have some better insight in the exact structure of the outbreak process. But for now I want to highlight the similarity between the price behavior right now compared to the last time we hit that similar price area.
Pretty much the same movement and also Volume shows at least...
Pros:
- Cercano a una resistencia
- Riesgo beneficio 1:2
- De sobre pasar el TP podemos ir al siguiente soporte
Contra:
- Vamos contra tendencia principal
