CAPITALCOM:ALVD
Taking a look at Allianz (ALVD) on the daily chart, we can see that it's reached an all-time high that it hasn't seen since February 2020.
Once reaching its peak in February (at the price of approximately 231), it reversed and dropped straight down to 116 in a matter of days. It took two years to recover, and now it is hovering at 231 once...
CAPITALCOM:SP35
We are just taking a look at the IBEX 35 and not planning on opening up any positions. This trade is a bit too complicated, and there are no clear signals (because there are too many almost) to indicate which way the price wants to go.
A downward trendline from May 2017 connects a peak in February 2020. Technically from this, we can gather that...
CAPITALCOM:EU50
Looking at the upward trend from March 2020, we can see that you will get various readings depending on where you place your trend line.
Due to this and not specifically knowing if the stock is in a downtrend, I placed my trendline to match the newest low. This is because, in an uptrend, this could be the retracement followed by a move higher,...
CAPITALCOM:AA
Alcoa (AA) is at an all-time high of 62, which it last saw in April 2018. It plummeted after reaching that high and took until now to regain the loss. That’s almost a four-year gap. The question is now what will happen. Is it going to go up or down?
We can deduce a few key chart patterns by looking at the daily chart. Marking out the long-term...
Last week I suggested shorting Albemarle (ALB) if it pushed through the many levels of support and closed below 215 in price.
Technical analysis in the form of chart patterns like descending triangles, double tops, multiple downward spikes, an increase in volume on the uptrend, and the Fibonacci retracement along with a close below a long-term upward trendline...
CAPITALCOM:ALBES
Daily Timeframe Position
Albemarle (ALB) may be nearing the end of its uptrend since late March 2020. A long-term Trend Line from the valley in March moves upward against corresponding valleys signifying the uptrend (weekly timeframe). For the first time price has now dropped and closed below the trendline. Although it has closed below the...
