HeidelbergI bought Heidelberg
Candles crossing 200 EMA from below
RSI too has a weak but sure bullish reversal
Manual trend is up
SL below 180
Targets above 225
Heidelbergcement
Long Heidelberg cementImportant levels marked on the chart.
This is for education purpose only and not recommendation.
HEIDELBERG the chances are to be boughtHEI had some strong preset but Friday clouded the outlook. By the way, I m gonna look if they needle back into triangle and buy there to see the rush higher. Thanks god for alerts!
Solid Set-up in HEI (Weekly Chart) for a Strong Rebound 13 TD Countdown Exhaustion.
In a very supportive area.
Close to the 0.618 retracement level from the multi year rally begun in 2011.
Stochastics showing positive divergence forming. Bottom forming similar to 2008/09 GFC.
Targets 68 / 79
Stops 51.00
HeidelbergCement AG LONG Signal In the making(mid/longterm)As you can see we are about to leave the downtrend. Have a look at the daily chart to have some better insight in the exact structure of the outbreak process. But for now I want to highlight the similarity between the price behavior right now compared to the last time we hit that similar price area.
Pretty much the same movement and also Volume shows at least some change in structure. Let's see what we can get.
My Plan for Now:
Not quiet sure if that possible right shoulder is already done.. I could also imagine some more consolidation phase, but if not we are ready. This is a solid German company and I do imagine investing for longer term into it. But nevertheless less this is also a great short/midterm setup. Let's see if we can break that neckline of our pattern.
I placed an alarm close above 63.00. I think if we climb above some more daily trader will enter the market and might push it even higher.
Done for now.
Let´s see what tomorrows opening brings us.
Hang around for updates.
Feel free to ask..
Stay safe out there.
