Luxury brand Kering is at a very good level after ABC correction. Looking at the chart, I consider this a buy for new all time highs.
ABC correction
RSI Divergence
Wave 4 pattern
KERING: Bullish-BUTTERFLY detected and Ichimoku: Rebound possible?!
concerning kering a Butterfly was detected by the wolf of Zurich
+Divergence ROC (Rate Of Change)
the share price can rise to 452 then 507 according to Ichimoku
the price could reach 461 "daily" then 515
and finally the €613 “in Weekly”
"Monthly" the share price could rise around...
On the monthly chart, Kering's outlook isn't looking great at all. Trading below ichimoku cloud and RSI below 50. There is a major bearish divergence spotted on RSI that isn't improving the outlook. Once EUR 400 - EUR 380 support is lost, expect some heavy selling towards EUR 240 - EUR 230 area. Could take weeks/months to unfold. This goes well with my fundamental...
On the monthly chart, Kering's outlook isn't looking great at all. Trading below ichimoku cloud and RSI below 50. There is a major bearish divergence spotted on RSI that isn't improving the outlook. Once EUR 400 - EUR 380 support is lost, expect some heavy selling towards EUR 240 - EUR 230 area. Could take weeks/months to unfold. This goes well with my fundamental...
Hi Traders,
Strong area to watch for a LONG opportunity with First Target @550ish and 2nd target @ 590ish
Noting more to say - Seat and watch how liquidity market works...
Happy trading
Une petite opportunité encore pour les cours de passer le petit nuage rouge :)
Si le cours traine trop la patte, le nuage s'amplifiera au fur et à mesure du temps, le rendant totalement difficile à franchir.
La course contre la montre a déjà commencé !
KERING which is a French Luxury group owning Gucci, Balenciaga, Yves Saint Laurent...is showing a nice support area at 549.
My expection is to enter a Long position with a +10% gain at 624 (high probability)
Happy trading
some nice swing in the euronext another bullish kicker in the action zone bought in off the dragonfly but if price action is anything to go by we should see at least three consecutive up days with weak swingpoint to break and volume could be a nice big swing
