Target 126Following weekly chart.
There is a cup & handle target which can lead to 126,
Both of my 2 indicators bullish in weekly chart but both of them are in the edge of a reversal signal in monthly chart.
Since B Gates also invested, I think we're ready to go :)
TP 126.3
SL 83.4 - please stop weekly close.
Heineken
Heineken NV (HEIA.as) bearish scenario:The technical figure Triangle can be found in the Dutch company Heineken NV (HEIA.as) at daily chart. Heineken N.V. is a Dutch multinational brewing company. Heineken owns over 165 breweries in more than 70 countries. It produces 348 international, regional, local and speciality beers and ciders and employs approximately 85,000 people. The Triangle has broken through the support line on 01/12/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 63 days towards 81.16 EUR. Your stop loss order according to experts should be placed at 99.26 EUR if you decide to enter this position.
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Short HEIA - Weekly Swing TradeShort HEIA - 97.62
Stop Loss - 99
Take Profit - 95
Hold for about a week, close out in 3-4 days if trade goes in your favour and price has started idling.
If price has moved against you, but has not hit SL, leave the trade open unless you need the cash for another trade.
Big Brewer Shares in Coronavirus Hangover168 = Tsingtao Brewery Group
600573 = Beijing Yanjing Brewery
SPX = S&P 500
CARL = Carlsberg Group
HEIA = Heineken N.V
TAP = Molson Coors Brewing
ANH = Anheuser-Busch InBev --- owns Corona beer brand
(This list excludes mixed drink companies like Diageo (DGE).)
As can be seen in the chart above, the US and European brands all significantly underperformed the S&P 500 as a benchmark. Only the two China-based brewers have outperformed but like most share prices globally, are still down on the year.
Possible opportunities --
Opportunity A: Corona beer
Whether Corona beers retain popularity or not following the pandemic could determine whether the AB InBev share price is fairly-valued.
Opportunity B: Asia growth
Long term growth potential in Asia could be a factor in the share price performance of China-based brewers.
Asia-Pacific is the largest and one of the fastest-growing market for beer consumption, which accounts for about one-third of the global market share. Business Wire, April 9 2020
Opportunity C: Microbrewery takeovers
The pandemic could mean more microbreweries are acquired by the big brewers, giving brewers more popular brands and reduced competition.
What do you think about the future of beer and the brewing industry? Share your thoughts with your account manager or join a live LCG webinar.
HEINEKEN - Looking Lower Toward 52Heinken completed large degree five waves up and it is now being followed by a three-wave decline toward 52, the first downleg of which is complete. Short term, we should see a corrective rally in wave ((B)) that will set the stage for a renewed impulsive decline in wave ((C)).
Heineken, cheap beer coming weeks?Not a super convincing setup, but definitely worth the trade! Remember, I only trade with 1% risk of total capital and you should too.
- On the daily we see price below the kumo cloud + a failed swing pattern for HEINY.
- Uptrend line of this little move up broke.
- I'm looking for a close below the kijun here > Renko shows me this is the case.
- Although we will probably be looking at a bounce @ the 150 EMA, I have no problem entering market short here for a better R:R trade.
- Don't mind the divergence on the chart, I cannot change it anymore > but the daily shows a big bear div, let's play!
Heineken: prepare for exit-longThe primary uptrend originating in early 2014 has dried up. The daily chart shows consolidation after a recent breakout failure. Sellers are almost certain to make a push below support at 86.85 and this trigger a bearish trend on the daily chart.
Nothing exceptional about that by itself, however, such a downtrend will also mean a failure on the weekly trend. Such a scenario opens the road for a steady and lengthy ABC decline all the way back to levels as low as 67.90 (9-12 months horizon).