Short COLRStrong resistence @ 36.
target: 26
Breaking above the downtrend line could be bullish. I'm pretty bearish overal so it might not be sustainable until proven otherwise.
1.570EUR
200.6MEUR
9.934BEUR
38.076M
About ETABLISSEMENTS FRANZ COLRUYT S.A.
Sector
Industry
CEO
Stefan Goethaert
Website
Headquarters
Halle
Employees (FY)
31.535K
Founded
1950
ISIN
BE0974256852
Colruyt Group NV engages in the retail and distribution of food and non-food products and fuels. It operates through the following segments: Retail, Wholesale and FoodService, and Other Activities. The Retail segment includes stores under the management that directly supplies retail customers and bulk consumers. The Wholesale and FoodService segment supplies wholesalers, commercial customers, and affiliated independent merchants. The Other Activities segment comprises filling stations, printing and document management, and alternative energy. The company was founded by Franz Colruyt in 1928 and is headquartered in Halle, Belgium.
COLR: TIGHT LONGThese tight longs are the best. Very favorable risk-reward. Breaking this current orange downtrend *tik tik* will result in a rally with a possible . Ill restrain myself from too hih targets, so initial target is 30.5-32 then 36 and 40. with INVALIDATION @ 25.80 (new lows)
We could still push lower,
Does COLRUYT makes a rotation here, Are we going to gain the last high here and make rotation, or are we ready to take suffering retailer COLRUYT some more. After gaining I am willing to pick a position on a Higher Low , ...
At the moment looks like we are rejecting, going to hold my attention on COLRUYT.
Where's the money?It seems to move between the 0.236 and 0.382 (local fib). From here we can find support on the 200MA and start a new rally or test the bottom of the range again, both are good OB's imho.
As you can see the support/resistance (S/R) line around €49,32 changes the bias for over a year now.
DISCLAIME
Where's the money?It seems to move between the 0.65 and the 0.236 (fib local high/low) and now testing the 200MA. From there we could build another rally and escape the current range or go back to the lower range. There's a S/R line around 49.72 which flips bias between support and resistance for over a year now.
D
LONG COLRUYT (Belgium). Technical analysis & news motivatedKopen ALS de Colruyt hoger gaat op 16/3 - verwacht een 'relief rally' - nu 39% drop
Low RSI, positieve RSI Divergence
Support/bounce op long term uptrend (4).
Goed in het nieuws gekomen. omzet zal stijgen door coronavirus.
botst op 2010 high & 2017 low (double bottom?)
HIGH Volume drop -
Ditch Colruyt RSI OVERSOLD -- XMAS SPECIALWould not short anything yet.
I only take 10%+ opportunities. I see 8 only. (nah kidding)
Dont know much about Colruyt really. I go to Lidl and Aldi.
Taking Profits for sure.
2017-11-19 - Colruyt - Be patient, trade the rangeThe stock is currently still in a mid-term downtrend.
It looks like a range is developing.
My idea is to stand aside, and go long when the stock reaches 43.40 EUR.
Sell around 45.40 EUR.
I will probably use a turbo long, depending on the available options then.
2017-06-16 - Colruyt - Go LongPRO :
1) The volume increased in the uptrend, and remained stable during the pullback.
2) The support line hasn't been touched anymore and it looks like the stock is making higher lows.
AGAINST :
1) The latest uptrend contained a lot of doji's with increased volume. That worries me, I would have h
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