Hold and enter Short positions as soon as direction is confirmed
Just a good company on the support line of its weekly uptrend, seems like the swing low to me. I am building my position in the current range.
Price development in recent months suggest convergence opportunity in comming month. Current percentage gap should be narrowed in 3-5 months time horizont.
BASF is the 4th largest DAX titel with a market capatilization of 83 Mrd. €. It was a fantastic 2016 for BASF! From 56,01 in February 2016 all the way up to where we are now, not far away from the ATH of the titel @ 97,22 which is not far away at all. Therefore I would recommend to buy the breakout to a new ATH which is one of the strongest singnals a stock...
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive drive.google.com 4XSetUps for next week - friday close (DAX 30 Index & all shares) Best regards :) Aaron
okay guys. this an update from october the 22nd (). now we have finish the impulse for the first and we can look for an update. in this chart we have a bar construction like a trendchange. it's important to know how it works. let us look the chart. we have two lines. one is red and one is blue. is the redline the first triggerpoint, so we look at the price at...
From the low in march we have been forming higher highs and higher lows (an upward trend). I am now looking for price to range a short while whilst it tries to determine if its going to break higher or have a pull back. The yellow triangle shown in point 1 is the area I am looking at. If we get a break below the yellow triangle I will think about a possible short...
Formed Bearish Butterfly on Daily chart of BASF with EZ 80-84 T1 - 70.30 and T2 - 57.79
...let the Chart speak...if you have any questions, please write a comment.
Price closed above the 61%, this represents a good buying opportunity. MA50 also crossed above 200. Price expected to open higher.