RWE • RWE Aktiengesellschaft • LONG #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
Market insights
RWE - An observation on price actionXETR: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 action and rsi . At this time moving at both direction is possible.
An observation on RWEXETR: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 action and rsi. At this time moving at both direction is possible.
RWE: Possible break out with TP @ 36/40I 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!
RWE up to 47 EuroI 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
Rewe. Making a Range to make TiredIts Better to buy and sell in this channel.
at the end of the cross you could make buy. (the intersection seems to be nice)
What is your Opinion?
RWE - bullish setupChart 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
Long RWE if strong support holdsStarting 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 breaks through the resistance there is nothing and the goal would be 42€.
Option2 ) If fails again on the resistance the stock may consolidate within a triangle or even fall through the strong support.
Considering the MACD it still needs some time to go up again where I assume it will consolidate for some days and test again the weak resistance.
This is just a personal idea and no recommendation.
RWEHello 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 Moving Average and the 200 Moving Average.
RWE AG (RWE - DAX) - ABC wave patternRWE 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.
There is energy in the air. RWERWE is building an expanding flat and reach the 61,8%. Therefore it could go down.
May the force be with you.
RWE short updateThis 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 at $24.53). Therefore I strongly think that price will reverse at this level. The only problem is that I don't yet see bearishly diverging rsi, but hopefully this will appear as the 5th wave of the 5th forms. This is not financial advice and I am not responsible for anyone's losses. (I have put down real money on this trade).
RWE shorting the end of 5 wavesThis 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.
RWE Cup with handleI am on a long trade since 16.97€. I will just hold and see if we get the break of the neckline of this cup with handle...
RWE High Risk TradeI can't recommend this trade (high risk)... RSI oversold, different support levels...
Bullish RWEI trade this in the following way:
Support around 19.75/19.80
Stop Loss: 19.35
Entrance: roughly 19.85
Close: 22.00
Risk/Reward Ratio: close to 5
Has RWE AG reached a peak?What I am looking for is peaks, bottoms and where stocks struggle.
Here we can see that RWE AG is in a flat territory for the past week or so and possibly be forming a nice short. Lets see!
LONG RWE [RWE]Entry: €15,25
T1: €16,50
Stop: €14,65
extra info:
IF targets did not hit in 4 weeks the position gets closed at market price.
IF target hits 5% we sell 50% of the stock.
Big short for RWEGuys, nice short ahead! A black closing marubozu with increased volumes might suggest to us that uptrend is over! Bearish divergence detected on oscillators. It is a good short opportunity. Profit targets at 16.70 Euro.
