#RWE • RWE Aktiengesellschaft • XETRA LONG TF H1
TP = 38.38 , SL = 35.75
The trend continues, the nearest support level according to my calculations TP 38.38
XETR:RWE
With using HeikinAshi candles and daily TF on $RWE, ma shows it starts a downward movement. But rsi broke the 30 line which is very rare case.
Normally rsi does a single reverse from the 30 line but there are some dates to consider. For example feb-mar 2021 which rsi and price action continued to drop.
Summary: Wait for few days to observe the price...
XETR:RWE
With using HeikinAshi candles and daily TF on $RWE, ma shows it starts a downward movement. But rsi broke the 30 line which is very rare case.
Normally rsi does a single reverse from the 30 line but there are some dates to consider. For example feb-mar 2021 which rsi and price action continued to drop.
Summary: Wait for few days to observe the price...
I like the set-up.
It seems that RWE tries to break out of a triangle. Even though we have some MA in the way to a possible TP around 36, I like the set-up.
It seems as well, that we have some support around 30.
Take care!
I guess RWE will go up to 47 Euro than there is a strong resisstens. 200 ema strong support now, trend channel and more
let me know what you think about this
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 31.20 EUR
Starting from mid of May 2020 the stock used to be always above 200 SMA.
At the beginning of the year it was way too far away from 200 SMA that's why it was consolidating in the last weeks.
Option 1) Given the lower trendline and strong support indication based on volume the stock could bounce and may go up to test the weak resistance again.
If the stock...
Hello everyone,
A good opportunity has been detected on the RWE stock.
After strong upward movement on the RWE, the price
is currently correcting to the downside.
We are expecting the price to reach approximately the 31.000
price level, which is also a major psychological support point,
where we have a 38.2% Fibonacci retracement level, as well as
the 100...
RWE AG (RWE - DAX) is in ABC correction. It dropped in impulse A wave down followed by B wave in WXY correction, which ended in internal c wave with ending diagonal in Y wave. It already started down C wave.
This call has been made by looking at past examples of this exact pattern where wave 3 is close to 1.618 the length of wave 1 and wave 5 is also 1.618 times the length of wave 1. What I have found in the past is that the 5th wave ends very close to, if not exactly at the 2.618 extension of wave 1, taken from the end of wave 2 (in this case the 2.618 extension is...
This set up has a very good RRR (risk to reward ratio) and should very likely yield a profit. As this is the 5th wave, the last wave of buying is occurring and once it finishes, there will be no more people to hold the market up. Panic selling will occur which will cause the price to retrace down to usually the 38.2% retracement of all 5 waves, or the end of the 4th wave.
