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Kirklands | KIRK | Long at $1.99Kirklands $NASDAQ:KIRK. A strong move may be brewing... The historical simple moving average (SMA) is flirting with the price and has yet to break the barrier - which often results in a sharp price increase. The downward trend is finally starting to reverse based on this measure, too. While it may not soar to crazy highs like in 2021, the chart setup is exactly what I like to see for an anticipated move up as it consolidates. A 12M float and 7% short interest could get the ball rolling if/when the price breaks into the historical SMA. Fundamentally, NASDAQ:KIRK is a small-cap with $114 million in sales. It recently partnered with NYSE:BYON as an exclusive licensee of Bed Bath & Beyond neighborhood stores, positioning the company as a multi-brand retailer. The first Bed Bath & Beyond neighborhood store is planned for a 2025 opening. Could this be the force for a future price move? Time will tell. At $1.99, NASDAQ:KIRK is in a personal buy zone. Target #1 = $2.50 Target #2 = $2.75 Target #3 = $3.00 Target #4 = $4.00
NASDAQ:KIRKLong
by WorthlessViews
Hasboro | HAS | Long at $66.00Hasboro $NASDAQ:HAS. Bouncing in an out of the historical simple moving average (SMA). While it may take a bit for it to spring out and continue its upward trend, it looks poised to do so. However, there is a small price gap that was never closed in the $40's that investors should stay cautious of if the downward trend continues. But a "confirmation" of a reversal will be either a continued move up or a retest of the lower historical SMA band (to close the recent price gaps) followed by a further move up. Fundamentally, NASDAQ:HAS has a high level of debt, but earnings growth is forecasted in its future. At $66.00, $ NASDAQ:HAS is in a personal buy zone, but patient investors may wish to wait for further confirmation of a reversal. Target #1 = $73.00 Target #2 = $81.00 Target #3 = $87.00 Target #4 = $119.00 (very long-term...)
NASDAQ:HASLong
by WorthlessViews
Estee Lauder | EL | Long at $63.00On November 13th, 2024, the Director of Estee Lauder NYSE:EL purchased $10,000,000+ worth of shares. From a technical analysis perspective, this makes sense as it almost double entered my "crash" simple move average lines (indicated in gray). On the rare occasion the price double dips these areas, odds are typically in my favor a rally may be ahead (obviously, without unforeseen bad news from the company). While it still may dip into the "crash" simple moving average lines ( GETTEX:50S ), I believe the "Santa Claus" rally is around the corner and we may be close to a near-term bottom for $NYSE:EL. However, this is a very risky play due to the fundamentals of the company - which currently aren't good. But future prospects from NYSE:EL may change the momentum. Thus, at $63.00, NYSE:EL is in my personal buy zone. Target #1 - $86.00 Target #2 - $100.00 Target #3 - $120.00
NYSE:ELLong
by WorthlessViews
Reynolds Consumer Products | REYN | Long at $27.00Reynolds Consumer Products NASDAQ:REYN is a "boring" company with excellent fundamentals. P/E of 15x, 3.35% dividend yield, low debt, and a 53M float. The Director just scooped up $196,000 in shares and earnings are expected to growth (while slowly) over the next few years. It recently tested the low of my historical simple move average (teal and white lines on the chart) and it looks primed for a move up to fill the price gaps. Thus, at $27.00, NASDAQ:REYN is in a personal buy zone. Target #1 = $29.00 Target #2 = $31.00 Target #3 = $34.00
NASDAQ:REYNLong
by WorthlessViews
COCA COLA bottomed. Get ready for a +20% rally.Last time we looked at the Coca-Cola Company (KO) was at the end of the previous year (December 07 2023, see chart below), giving a buy signal, which eventually hit our $62.00 Target, even though it had to take longer than we expected: This time, the price action is giving us yet again a very strong buy signal as the price rebounded yesterday exactly on the 0.236 Fibonacci retracement level of the 1-year Channel. At the same time, so did the 1W RSI, reversing upwards below its MA level, consistent with the previous two bottoms of April 12 2024 and October 06 2023. Based on the lowest rally we had within this Channel, we expect Coca Cola to rise by at least +19.45%, setting our Target at $79.70. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:KOLong
by TradingShot
PROCTER & GAMBLE Low risk buy opportunity on the Channel bottom.Procter and Gamble (PG) has been trading within a 10-month Channel Up (since December 15 2023) and on September 10 2024 priced the latest Higher High and got rejected. Even though it has broken below its 1D MA50 (blue trend-line), yesterday it tested and held the short-term Support 1 level, which is intact since August 14. The 1D MA200 (orange trend-line) has been the absolute Support of this pattern, having formed just above it both the Higher Lows of July 30 and April 19. Yesterday's Low isn't as close to the 1D MA200 as those two but it is close enough to constitute a low risk buy for the medium-term, even though we might see a little more decline towards the Channel's bottom. Notice however the 1D RSI that made a clear rebound inside its 10-month Buy Zone. As a result, we turn bullish on this stock and as with the last Higher High, we are again targeting the 1.5 Fibonacci extension level at 182.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:PGLong
by TradingShot
PROCTER & GAMBLE is bullish bouncing on the 1D MA50.Procter and Gamble (PG) closed yesterday on a 3-day red streak and the 1D candle almost touched the 1D MA50 (blue trend-line), the short-term Support, which is intact since August 14. The stock has been trading within a Channel Up pattern since the December 15 2023 Low, which is inside a wider Channel Up pattern since the 2022 market bottom. The 1D MA50 is the first Support level of the 9-month Channel Up, with the 1D MA200 (orange trend-line) being the second (and last). The Higher Lows are priced below the 1D MA50 but currently we haven't completed most likely the Bullish Leg at hand. Last April the price pulled back to the 0.382 Fib, which held and provided the final push to the -0.236 Fib extension for a Higher High. Currently the 1D MA50 test is also testing the 0.382. If it holds, we expect the stock to peak again near the -0.236 Fib extension. As long as it holds then, we remain bullish, targeting 182.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:PGLong
by TradingShot
Macro Monday 42 ~ Japan Business Sentiment (ReutersTankanIndex)Macro Monday 42 Japan Reuters Tankan Index – Business Sentiment (Released this Wednesday 17th April 2024) Firstly lets briefly cover the Japan Consumer Sentiment we covered last week, Japan Consumer Sentiment Last week we covered the Japan Consumer Confidence Index (CCI), which provided a great indication of how the Japanese consumer is feeling. The Japan CCI surveys have a reliable 90.6% response rate from c. 8,400 households. The Japan CCI came in at 39.5 for March last week which was the highest reading in 5 years and demonstrates a trending recovery from lows of 28.6 in Nov 2022. Any figure below 50 on the Japan CCI is pessimistic however historically the index has only ever rose above 50 briefly twice. We discussed how this is due to many factors such as the Japanese being conservative and risk averse. To remedy this and help find a threshold, I used the historical average level of 40.86 as an indicator of above average historical consumer sentiment (however still pessimistic). If we break above the 40.86 level in coming months this would be a good signal of improving sentiment, essentially that the Japanese consumer is less pessimistic than on average, however still pessimistic. Japan Business Sentiment This week we are looking at the Japan Reuters Tankan Index (RTI) which is essentially Japan’s Business Sentiment Indicator. Why is Business Sentiment in Japan an important macro-economic metric to observe? 1.Japan’s manufacturing output for 2021 was valued at $1.025 trillion USD, making it one of the world’s largest manufacturers. The country is known for its high-quality production in areas such as automobiles, electronics, and robotics 2.Japan contributes c.7.2% towards the world’s total manufacturing output, showcasing its critical role in the global supply chain and its influence on international trade. 3.Japan makes up 8% of total global GDP, despite having only 1.8% of the world’s population. 4.Japan is the third largest economy in the world after the US and China Now that we understand that Japan is one of the major manufacturing and economic hubs of the world, lets now try to understand how optimistic or pessimistic Japan businesses are feeling at present. The Japan RTI is collated from data from major leading Japanese companies. 200 manufacturers and 200 non-manufactures advise of improving (above 0) or worsening conditions (below 0). For reference the 200 non-manufacturing companies include the likes of services, retail, finance, and real estate. The Chart You will see, as outlined on the chart, that the Japan RTI is made up of 4 sub categories: 1. Business Conditions (current) 2. Business Outlook (future quarter) 3. Large manufacturing outlook 4. Non-manufacturing sector These subcategories can help in understanding the nuances of sentiment in Japan among different sectors and are crucial for a comprehensive analysis of Japan’s business environment. We might cover these individually when the data is released this Wednesday. I am particularly interested in the future quarter business outlook. Reading the chart Above 0 = Business Optimism Below 0 = Business Pessimism 0 = Neutral The Japan RTI Business sentiment is currently above 0, firmly in the optimistic zone at 10. You can see that we have been rejected from the 12 – 13 level three times since 2022 (Aug 2022, Aug 2023 & Dec 2023). If we break above this level it will be the first time in over 2 years that Japan Business sentiment reached this high. Expectations for the coming release this Wednesday are for a reduction to 9. So expectations are low for this weeks release. Japan Consumer Sentiment has risen from a major low that was established in Nov 2022 and has since been on a significant up trend moving from 28.6 to 39.5. Whilst still in the pessimistic zone the consumer index moves closer towards the historical sentiment average of 40.86. The Japan RTI Business Sentiment appears to have followed suit rising from a low in Jan 2023 a few months later and is now reaching for recent highs of 12 (current reading of 10 with 9 anticipated this week) Both the Japan Consumer Sentiment Index and the Japan RFI Business Sentiment Index are trending towards higher optimism (or less pessimism) but have a bit more work to do to offer some confirmatory action. We will look at the Japan Flash Composite PMI next week which is released Tuesday 23rd April 2024. This will help add perspective in the form of manufacturing/services data directly relating to New Orders, Output, Employment, Deliveries and Stock. In between now and then I will update the above Japan RTI Business sentiment index this Wednesday and update you on Japan CPI which is released this Friday also (something to watch out for). We will gradually get familiar the macro-economic data that matters across the globe here on Macro Mondays. Again, all these charts are available on my Tradingview Page and you can go to them at any stage over the next 5 - 10 years press play and you'll get the chart updated with the easy visual guide I provided. I hope its helpful Thanks for coming along. PUKA
ECONOMICS:JPRTI
by PukaCharts
Macro Monday 40 - Euro Area Composite PMI Macro Monday 40 Euro Area Composite PMI (Released this Thurs 4thApril 2024) The Euro Area Composite PMI (Purchasing Managers’ Index) is a significant coincident economic indicator that provides insights into the current overall health of the eurozone economy. The Euro Area Composite PMI data is collected from a representative panel of around 5,000 manufacturing and services firms around the EU and then a weighted average of the two is provided to create the composite reading. This index tracks variables such as sales, new orders, employment, inventories, and prices. Very similar to the US PMI that we previously covered. The Chart The chart illustrates the following metrics; 🟢Manufacturing PMI (green line) 🔴Services PMI (red line) 🔵Overall composite PMI (Thick Blue Line) The green zone (>50) illustrates the economic expansion zone and the red area illustrates the economic contraction zone (<50). The 50 level itself is neutral. Now, let’s very briefly cover the last three weeks of Macro Mondays No. 38, 39 & todays 40. These all featured the Eurozone economic health and can be valuable metrics to remain informed on. With a click of my charts in trading view you can remain updates with a visual easy on the eye. EU Current Sentiment Outlook (negative but improving) 1.The Euro Area Economic Sentiment Index is based on current sentiment surveys from EU Businesses and consumers for all 27 EU Member States. -The current economic outlook as distinguished by businesses and consumers in the EU is currently below average at 96.3 (<100 is below average and >100 is above average). - We have seen an improvement since Sept 2023 with an increase from 93.4 to 96.3 at present but remain in the negative. EU Forward Looking Sentiment (Firmly Positive) 2.The Euro Area ZEW Economic Index is a 6 month forward looking economists outlook for 20 of the 27 Euro Member states. -The ZEW Index is anticipating optimistic economic conditions for the coming 6 months with a current reading of 33.5 which is well above the historical average of 21.39 on the chart. Economists in then EU see things improving over the coming two quarters. EU Manufacturing and Services current performance composite (Neutral - leaning negative) 3.Featured today, the Euro Area Composite PMI is a coincident indicator offering real-time health of the Eurozone economy through data collected from manufacturing and services firms. -The Euro Area Composite PMI is currently close to neutral at 49.9 (just under the neutral 50 line) demonstrating that over the recent month we have been in marginal contraction in the EU according to the manufacturing/services composite. - However, if we look at the individual Manufacturing PMI we can clearly see we are in negative/contractionary territory at 45.7 (green line) whilst the services PMI is rising into expansionary territory at 51.1 (red line). This is common theme in the US PMI at present also with services performing better than manufacturing sector. The beauty of these charts is that you can go onto my TradingView Page and press update, and the chart will update you with all these metrics, informing you at a glance with how these metrics are performing collectively with a nice visual guide. Thanks again for coming along and I hope this additional Eurozone chart helps you in your current and future understandings of EU Economic Sentiment, Forward looking economists sentiment and how manufacturing and services firms are feeling overall. Bottom line is, economic sentiment appears to be leaning optimistic for the immediate future, however we await more readings for a conclusive trend direction from the coincident indicators, the ZEW Index and the Euro Area PMI index. PUKA
ECONOMICS:EUCOMPPMI
by PukaCharts
WMT benefits from consumer confidence LONGWMT may be benefiting from the potential suspension of federal rate hikes potentially giving consumers more buying confidence and maybe a stabilization of credit card rates as another form of relief. On the 4H chart, WMT is showed with a pair of anchored VWAP bands set at the beginning of a prior breakout on June 30th and the pivot high on July 5th. Price had descended to the third deviation green lines below the mean VWAPs zone ( black lines) but has now ascended to the first deviation blue lines below the mean VWAPs. WMT is in an early VWAP breakout at this point as price approaches the mean VWAP. The MFT RSI indicator of Chris Moody shows both low and high TF RSIs now above the 50 level and the low higher than the high demonstrating bullish momentum. The zero-lag MACD is also confirmatory showing a line cross under the histogram on July 11th. I find WMT suitably set up for a swing long trade. I will seek out the best entry on the 15-30 minute time frame by identifying a privot low from which to enter. The target is the red second deviation lines above the mean VWAP zone at $158.25. A call options trade would be for $157.00 with a 9-10 DTE.
NYSE:WMT
by AwesomeAvani
3M Co. (MMM) bearish scenario:The technical figure Triangle can be found in the daily chart of the US company 3M Co. (MMM). 3M (originally the Minnesota Mining and Manufacturing Company) is an American multinational conglomerate operating in the fields of industry, worker safety, U.S. health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films. The Triangle broke through the support line on 20/01/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 22 days towards 108.57 USD. Your stop-loss order, according to experts, should be placed at 129.63 USD if you decide to enter this position. Wall Street will be looking for positivity from 3M as it approaches its next earnings report date. This is expected to be January 24, 2023. On that day, 3M is projected to report earnings of $2.34 per share, which would represent year-over-year growth of 1.3%. Meanwhile, our latest consensus estimate is calling for revenue of $8.04 billion, down 6.69% from the prior-year quarter. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:MMMShort
by legacyFXofficial
2
TARGET PREDICTION!!!!! (SHORT)DESCRIPTION: In the chart above I have provided a macro analysis on what can be the potential path that price action will follow with current ongoing bearish momentum. POINTS: 1. Price Action is in an overall downtrend channel. 2. Within this falling channel we have consolidation occurring with bearish trajectory as seen in the image to the top left in the top right example. 3. We have seen a BREAKOUT to the $139 range recently and if we come to see PULLBACK in the $156 range this would confirm a downward move. *IMPORTANT: PULLBACK POINT COINCIDES WITH TOP OF CHANNEL, SUPPLY FLOOR & 100 & 50 MA. SCENARIO #1: If price action is to lose $125 we will most certainly see a continuation of current bearish momentum which will then place us in the the follow SUPPLY & DEMAND POCKET OF $125 - $75. *NOTE: $125 -$75 SUPPLY & DEMAND POCKET HAS PROVEN TO HAVE WEAK PRICE ACTION IN THE PAST. SCENARIO #2: If price action is to move onto a bullish scenario it is crucial we hold $140 and see enough consolidation in order to invalidate current setup. NYSE:TGT
NYSE:TGTShort
by DGSTBROKERACC
CPIN: Poultry and Consumer Defensive Stocks Possible Bull Run?Hello Fellow Stock Global Trader/Investor! Here's Technical Outlook on CPIN Chart Perspective CPIN is moving in the bullish continuation. The breakout of the bearish trendline and bullish flag indicated a potential bullish bias ahead. Furthermore, the momentum indicator made a golden cross, indicating a possible upside movement to the target area. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the CPIN"
IDX:CPINLong
by financialfreedomgoals101
2
JNJ Buy Long on StrengthJNJ fundamentally is a cross between Big Pharm and Consumer Staples Recent Earnings were solid not spectacular but the latter is not expected here. Technically, JNJ climbs higher without much volatility, At the moment it is rising in a small cycle within the supertrend. Strength is increasing and some bearish momentum is exhausting. This is a low-beta stock and it does not react much to the larger broad market. I see this as a good time for a LEAP option for early 2024 at a strike 15% above the current price.
NYSE:JNJLong
by AwesomeAvani
Bear Market, Bull Market, or Sector Rotation? KNOW THE ROTATION! What Is Sector Rotation? Investors are always looking for opportunities to boost returns and reduce risk in their portfolios. One way to do this is by understanding and utilizing sector rotation. In simple terms, sector rotation is the process of moving money from one sector to another. In order to take advantage of positive market trends investors will want to pay close attention to these rotations. In general, there are two types of market conditions that investors need to be aware of: bull markets and bear markets. Sector rotation is a strategy that investors use to take advantage of these market conditions. The idea is to rotate your investments into sectors that are doing well in the current market conditions and away from sectors that are not. For example, in a historical bull market, you would want to be invested in sectors such as technology and healthcare. In a bear market, you would want to be invested in sectors such as utilities and consumer staples. Sector rotation can be a helpful tool for investors to boost returns and reduce risk. However, it’s important to understand how it works before implementing it in your own portfolio. Keep reading to learn more about sector rotation and some current YTD chart examples of what it looks like. Lets start with a philosophical question in regards to the market; is there really such thing as a bull and bear market? One could argue that there is not, and the market is in fact a cycle of sector rotations. Liquidity going out one, to another, again and again. Take for example the 4 tickers of the main post image MSFT , NASDAQ:TSLA , NASDAQ:GOOGL , NASDAQ:AAPL - these are considered Tech Stocks (yes TSLA is a tech stock!). YTD performance of all these stocks are in the red. Please take the time and study their trends. To the novice that had a portfolio made up of 80% tech, they would look at this chart and scream BEAR MARKET. But is it? It is impossible for the average trader to tell, but not all that money was "lost" in a bear market. It simply was rotated to defensive sectors. Sure, some money was taken out of the overall system I am sure but logic dictates that the majority of the money just found a new home. Investors in tech in these cases could ride the storm and average down (dollar cost averaging), write call options, or purchase puts (along with many other strats) - aka play a bear market in THAT sector. The terms "bull" and "bear" market are used to describe market conditions where prices are either rising or falling. Some people believe that there is a fundamental difference between the two types of markets, while others believe that they are simply two sides of the same coin. Ultimately, there is no right or wrong answer, and it is up to each individual to decide what they believe. So where did the Tech money rotate to? For those of you that need only bull markets to trade, find the rotation and follow it. Never marry a stock or sector - money moves fast and is prone to jumping ship when major events happen. Here are 3 charts that show areas that bulls have had success: EX1: Staples and Consumer; NYSE:HSY , NYSE:MCD , NASDAQ:OLLI , NYSE:WMT EX2: Energy, Industrial, Insurance; NYSE:KMI , NYSE:CAT , NYSE:OXY , NYSE:ABBV EX3: Defensive and Insurance; NASDAQ:HON , NYSE:RTX , NYSE:AFL , NYSE:CI If you take the time and study the charts above you will see that not all is bearish when you know where to look. Looking at these rotations can start to paint a larger picture when studying ETFs or the overall market in a national/global economy. Especially when it comes to finding a fair value area in the middle of a downed market. Recovery off of a bear market should be equitable across multiple sectors. In the current case (today) we see that the rotation into "defensive" stocks (all the stocks mention in EX1, EX2, and EX3). As there is a small pinch of hope that inflation could be slowing, the moves have been liquidity into these defensive sectors - not a sign of a healthy recovery (yet) in my opinion. Right now we are seeing more institutional interest in companies like HSY, MRK, CI, HON and less interest in Energy. Energy is a great sector to look at currently to start to see that shift. We can look at commodities like GOLD and see the increased attention and bullish run it has had recently. Remember, intuitions want to create the largest positions they can , but over time so as not to raise a flag to others. To find sector rotation: 1) Familiarize yourself with the S&P sector funds like the AMEX:XLF , AMEX:XLP , AMEX:XLE , AMEX:XLU , etc START LARGE - look at the Monthly, Weekly, and Daily 2) Scan for stocks with rapid price drops and identify sectors that may be hurting 3) Scan for stocks with rapid rising price WITH higher than average volume (preferable increasing volume as well) 4) Visualize the sectors in a heatmap. Size by Volume (Monthly) and Color by Performance (Monthly). Since this is constantly changing, I suggest taking a screen shot of this map every week - this will be the best way to "see" the money rotate. 5) When going through 2-4 consider comparing small and large cap companies as well - as this too can hold its own rotation. 6) Stay on top of news, read read read read. Understand the world around you and rely on change. 7) Utilize Smart Money Concepts. Please visit LUX ALGO's page for this, as he has made a beautiful indicator and strategy based around SMI and institutional order blocks. 8) Conduct an RSI or Stochastic RSI study to identify divergences in OVERBOUGHT or OVERSOLD conditions. 9) VIX VIX VIX - yes we are talking sector rotation and the VIX is an "overall" reflection of the market in whole but looking at areas of the VIX (ie 20 and 45) can give signs of upcoming rotation. Although it may not point where, it may describe when these rotations can occur. If you like this post and would like a more detailed follow up, please comment below so I can see your interest. This is a very extensive topic in which it may take several posts to fully write out in detail. This is post 1 and meant to be an introduction, as I know that almost every line below can be heavily expanded upon. Happy trading everyone!
NASDAQ:MSFT
by OccamsPhazer
Unilever (ULVR.l) bearish scenario:The technical figure Rising Wedge can be found in the daily chart in the UK company Unilever PLC (ULVR.l). Unilever plc is a British multinational consumer goods company. Unilever products include food, condiments, ice cream, cleaning agents, beauty products, and personal care. Unilever is the largest producer of soap in the world, and its products are available in around 190 countries. The Rising Wedge broke through the support line on 04/10/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 31 days towards 3 647.00 GBp. Your stop-loss order, according to experts, should be placed at 4 178.00 GBp if you decide to enter this position. In the first half of 2022, Unilever's growth accelerated again as its robust sales in the U.S., India, and other markets easily offset its lockdown-induced disruptions in China. It also raised its prices to offset the impact of inflation. For the full year, it expects underlying sales to grow by more than 6.5%. Unilever's underlying earnings per share (EPS) rose 5.5% in 2021, but grew just 1% year-over-year in the first half of 2022 as the inflation and currency headwinds squeezed its margins. It expects its underlying operating margin to decline about 240 basis points to 16% this year. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
LSE:ULVRShort
by legacyFXofficial
HINDUSTAN UNILEVERHello and Welcome to this analysis HINDUSTAN UNILEVER the FMCG giant in hourly time frame is forming another ascending and inverted scallop bullish formation. Ascending & Inverted Scallops have a success ratio of approx 70%. They are found in bullish trends and their formation works wonderfully with Fibonacci ratios as found in this case. It looks good for 2700 as long as it does not break below 2590. Good risk reward set up as FMCG stocks appear to be in a strong uptrend. Good Luck and Happy Investing
NSE:HINDUNILVRLong
by Dinesh_C_Nagpal