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.
Mercedesbenz
Mercedes-Benz is at a multi-month resistance of 75Why should we short Mercedes-Benz?
1 - they hung up on the phone with Hitler who made them millions of dollars in WWI
2 - There's a huge resistance at 75 dollars
3 - they refused to pay for a car they invented that was literally my address: 63 Madison ave AMG
4 - I already asked Doug Clark (my former manager at ITG Global) to alert the CEO of Credit suiSSe to create some complex bearish derivatives more advanced than those of Fabrice les 2 Tours from GS
Mercedez-Benz consolidated and is on a strong rallyMercedes-Benz is still making high quality cars despite inflationary pressures reducing profitability in the auto-industry.
Hitler had a special relationship with Mercedes (the name of a Spanish relative of mine connected to Carmen Gabriel).
It will be interesting to see whether or not the price will break above the overhead resistance. I guess it will depend on how much money the Rothschilds/Reichmanns/Bronfmans and the Rockefellers have left.
BUY
PS: why does Mercedes-Benz Kitchener have a random yellow hat?
Pierre Gabriel
CEO
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.
TESLA - THE MACHINE THAT BUILDS THE MACHINESThe company with multiple companies within. After acquisition of PERBIX Tesla became the machine that builds the machines.
Not much needs to be said here except:
Macro environment plays out for all the known reasons.
Maximum fear have not been reached by retail yet. Institutions are buying in. Largest whales Vanguard and Black Rock have increased their holdings.
Total Increased Positions 1.558 vs Total Decreased Positions = 968. New Positions = 236 vs Sold out Positions = 141.
Guess who survives the next 10 years
MBG Net debt = 94.13B
GM Net debt = 80.42B
F Net debt = 95.76B
TSLA Net debt = -11.29B
A clear 10/10 broadening wedge / megaphone pattern is playing out with multiple price gaps in between (represented by the orange lines) 2/7 has been filled. All might not be filled (least changes to be filled around the 450 price target)
80% completion of the pattern expected to be reached around Q2 earnings with reversal to the upside for 100% completion and onwards to new ATHs.
In spite of of continuation or reversal, descending broadening wedges are always bullish in nature.
Only reason for this idea to be invalid will be WW3 with nukes.
In times like these remember to be more together with your family <3
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.
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.
DAIMLER AG NA O.NExceptional volume. there is an upward probability. but the market will face significant resistance
DAIMLER AG NA O.NExceptional volume. there is an upward probability. but the market will face significant resistance