CARLSBERG (CARL_B) | Beer Lovers, This Might Be Your Chance! :)Hi,
Carlsberg A/S produces and sells beer and other beverage products in Western Europe, Eastern Europe, and Asia. The company provides craft and specialty, and non-alcoholic beers; and soft drinks. It offers its products primarily under the Carlsberg, Baltika, Tuborg, Birell, Ringnes, and other local brand names. Carlsberg A/S also exports its products to approximately 100 countries worldwide.
Carlsberg has started aggressively to approach technically a great support area. Those kinds of market situations are the perfect chance to buy stocks that have been in your watch-list for years. Now, the market offers really great buying opportunities to buy those stocks from technically great and strong price zones.
Carlsberg's buying prize zone stays between 500-600. Technically it would be a perfect area to buy it or even grow your shares on Carlsberg.
For those who like beer, this is a great opportunity to justify their few evening beers with "support purchases", you just buy a beer and trying to push the price up, hopefully, it would be a good excuse! :D
Okay, technical criteria are:
1) The blue horizontal line marks 4-5 years highs and lows, it has been a really powerful resistance level which now should act as a really powerful support level.
2) Different Fibonacci retracement levels adding strength to the marked buying area, acting as support levels.
3) If the price falls as low as 500 then the round number should act as a support level.
4) 50% drop from the all-time high. It lands perfectly into our buying zone.
5) Monthly EMA200, the most powerful Moving Average combination should work as a support level.
6) Parallel channel projection (pulled from candle bodies), the projected lower trendline should add just a bit of strength into the marked area. Not the best criterion but good to know that the possible channel projection "runs" through the buying area.
Do your OWN fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...SKIP IT!!
Good luck,
Vaido
