The main analysis is done on the weekly chart.
The stock is currently downtrending. There was a short uptrend but volume didn't follow.
Therefor I believe the downtrend will resume.
So it looks like it is time go short again (soon).
On the daily we see the development of a value area.
A nice entry would be around 111 EUR.
I will trade this one with a Turbo Short with a stop-loss above 124 EUR.
Should the stock make a higher high again, I am out!
The target would be around 88 EUR. Which is the control price of the volume profile over a longer timeframe.
This stock will definitly find support there, and probably a good place to go long again.
The stock is currently downtrending. There was a short uptrend but volume didn't follow.
Therefor I believe the downtrend will resume.
So it looks like it is time go short again (soon).
On the daily we see the development of a value area.
A nice entry would be around 111 EUR.
I will trade this one with a Turbo Short with a stop-loss above 124 EUR.
Should the stock make a higher high again, I am out!
The target would be around 88 EUR. Which is the control price of the volume profile over a longer timeframe.
This stock will definitly find support there, and probably a good place to go long again.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.