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Mercedes

Mercedes-Benz Group: Parking 🚘Mercedes is about to park wave (2) in magenta in our green target zone between €67.31 and €77.90. Once this top is placed, the share should continue the overarching downward trend, dropping below the support at €60.72 and (after a short countermovement) further southwards. There is a 30% chance, though, that Mercedes could leave the green zone on the northern side and thus climb above the resistance at €77.90. In that case, we would expect the share to develop a higher top first before heading downwards. Wave alt.B in green would then expand into the magenta-colored zone between €84.44 and €89.37.
XETR:MBG
by MarketIntel
Mercedes-Benz Group: In the Parking Lot 🚗 🚗 🚗Mercedes-Benz has found a parking spot in the big green parking lot between €67.31 and €77.90 and is about to finish wave in green. Though, as the course has just turned slightly downwards, the current movement could also already be complete. As soon as this high is finalized, the share should pay its parking ticket, leave the parking lot and drive southwards, crossing the support at €62.41 and subsequently heading for the next one at €50.19 as well.
XETR:MBG
by MarketIntel
Technical analysis update: DAI (2nd August 2021)Daimler reached our short term price target of 75 EUR on 23rd July 2021. Since then RSI, MACD and Stochastics remained bullish. Currently these indicators point to higher price for Daimler. Because of that we would like to change our medium price target of 77.50 EUR to short term price target. Previous setup from 23rd July 2021: Here we correctly predicted move to 75 EUR per share. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
DLong
by Tradersweekly
Technical analysis update: DAI (23rd July 2021)Daimler provides interesting setup. RSI and price show divergence. MACD and Stochastic attempt to reverse. Price traveled back towards its 20-day Simple Moving Average. In addition to that ADX contains high value which suggests that prevailing trend is at its peak. We would like to update our short term price target for DAI to 75 EUR and our medium term price target to 77.50 EUR. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
DLong
by Tradersweekly
ASTON MARTIN - REVERSAL ZONE? LONG-TERM INVESTMENT OPPORTUNITYAston Martin has been on a steep and vigorous decline since its IPO. Could Aston Martin turn things around from here and start reversing from current prices? Aston Martin has recently announced involvement in F1 with Racing Point rebranded as Aston Martin. This could help in turning things around. Billionaire Lawrence Stroll has clear intentions to do so and has invested into the company with a £260mil injection. Toto Wolff, Mercedes F1 team-principal has also bought a stake in Aston Martin. This indicates a large force and urgency to turn the Aston Martin brand around, stabilise the business and clean the balance sheet. With the share price being significantly devalued and oversold and the falling wedge breakout, it could be an opportunity to invest long and short-term. Short-term in the sense that the stock is highly volatile meaning returns (and losses) are seen much quicker. However, as the business model and balance sheet, as of now, is very unappealing, unstable and risky, the clear down-trend might still be in play and the current equilibrium triangle pattern maybe a consolidation phase before breaking lower in continuation. 4 things can happen here: Equilibrium breakout upwards and a reversal Equilibrium breakout downwards and a continuation Equilibrium breakout downwards and a double bottom Delayed Range-bound consolidation sideways VERDICT: The trades/investments above should be played in accordance with your style and risk-tolerance since, given the volatility of this stock, there is high risk. Since the chart is in a clear down-trend, the balance sheet isn't yet appealing and macro-economic factors such as covid, bull calls are more risky than bear so do your own due diligence and manage risk appropriately.
LSE:AMLLong
by JayanVarsani