XETR:ALV got that confluence of trendline and horizontal supply.
Don't like the volume pattern on the far right with wide daily swings. That said last 2 days calmed down a bit.
Q3 2023: Another strong quarter
Financial highlights Q3 2023
$2,596 million net sales
13% net sales increase
11% organic sales growth*
8.9% operating margin
9.4% adjusted operating margin*
$1.57 EPS, 30% increase
$1.66 adjusted EPS*, 35% increase
Key business developments in the third quarter of 2023
Sales increased organically* by 11%, which was 7pp better...
hi Traders
Let's have a look at ALV
ALV looks interesting.
We're expecting the price to surge higher.
Take a long position once the price breaks out of the triangle.
Target for longs: 110 $
If the price breaks down, we won't be looking for shorts but longs at the upsloping support (red trendline).
Good luck
An idea that I am using counting this inverted head and shoulders pattern.
I have outlined all the points on chart.
Kind of look at the chart with a slight left tilt to your head and you will see the H&S perfectly.
This might be a bit of an outlandish idea so let me know what you think.
Bix
SPY started yesterday with a fakeout at the key 404 level. Swiped lower until finding support at 400. From there, it was a grind higher all day to close above 404. An inverse H&S in the afternoon signaled that we were going to close near the highs. Today we are gapping lower. Technically we broke all the key resistance levels so the next stop is 412. However,...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
A new trade to be added to our portfolio will be ALV. ALV is the world's largest automotive safety supplier, with sales to all major car manufacturers in the world. Autoliv Electronics has significantly strengthened its portfolio to include critical technologies required to enable autonomous driving.
No rising wedges
Possible T2: 149 164
Pattern not valid until long entry level of 87.11
NV is high
Short interest is low/Company based in Sweden
Autoliv , Inc. is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through its Passive Safety segment. The Passive...
ALV has formed a long uptrend extending back to 2000, this uptrend should continue with another inverse bump and run, returning the price back to the upward trend. Green fractal is indicative of this.
This stock was speeding towards the moon but it forgot to check the blind spot. Now we are pulling back and the question is how far will we go?. It looks like it will either be at 80$ or at 65$. I prefer 65$!
Timing = 1 ( lately this stock has pulled back with the market & my current bias is we are finding a bottom to reverse soon)
Volume = 0 ( The volume was...
Stock saw strong moves up in 2013 & 2014 off of GFC lows as the global economy rebounded.
Swedish Autoliv made their name in seatbelts but pioneer a wide range of vehicle safety products these days.
2.5 year symmetrical triangle (alt. bull flag) has broken out with some horizontal levels still above.
The flag interpretation Implies a measured move to 1500+ /...
Autoliv has been ranging since May 2015,building a giant flag after a major uptrend.I would guess the cycle for the stock to come up to target, if it does would need a quarter..
