SHEL opened a short position

✅SHEL #SHEL is an energy and petrochemical company in Europe, Asia, Oceania, Africa, the USA and other countries of America.

📊 FUNDAMENTAL ANALYSIS

🔴Impeccable balance sheet and good value.

🔴Traded 8.5% below our fair value estimate

🔴Earnings growth is projected at 4.72% per year.

🔴Analysts agree that the stock price will grow by 23.8%

🛠 TECHNICAL ANALYSIS

📈 SHORT
▪️ Price fell below 200 and 50 EMA on the daily TF
▪️ MACD is below its signal line and negative.
▪️ RSI is below 50, but not in the oversold zone.
▪️ RSI - bearish divergence
▪️ Breakout of sideways consolidation support

↗️ TRADE

🎯 Target price $63.20

📊 Downside potential 8%

💼 Portfolio #active_management

⚠️ The ideas published are not investment recommendations, this is only the personal opinion of the blog author.
Chart PatternsHarmonic PatternsTrend Analysis

David Dzhaparidze
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