UBS (UBSG): Too Big to Fail?Remember this analysis from over four months ago? We didn't place a limit order at that time (which is why it's greyed out), but if you followed our setup during the livestream back then, congratulations! The chart reacted beautifully at the desired level, just as we anticipated.
In my opinion, this is a great-looking chart, showing a strong reaction at a key level. I'm now looking for some long plays on UBS to gain some exposure to the Swiss market. UBS is a relatively safe stock, which is a good thing to have during phases of uncertainty.
The worst-case scenario would be a banking crash, but we believe UBS is still too big to fail. As long as it maintains this status, we like it. I'll send out a limit order once I find a good setup. For now, I wouldn't recommend any FOMO into this stock, as it could be a dead cat bounce, but we'll closely monitor it for you.
Swissmarket
USDCHF: Rallies capped?USDCHF
Intraday - We look to Sell at 0.9856 (stop at 0.9881)
The previous swing high is located at 0.9870. We look for a temporary move higher. Preferred trade is to sell into rallies.
Our profit targets will be 0.9795 and 0.9785
Resistance: 0.9800 / 0.9830 / 0.9860
Support: 0.9760 / 0.9730 / 0.9700
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Meyer Burger Update to previous chart.ADDITION TO MAIN PUBLICATION, LINKED ON THE BOTTOM.
As said before, the trend remains bullish. We found a good support on the Weekly combined with the middle of the Uptrend Channel since march 2020.
Trend remains bullish as of now.
Retest of the Monthly at 0.458 would now make sense.
USDCHF has formed bearish CRAB | A good short opportunityAfter formation of bearish cypher the pricline of Swiss Franc has formed a bearish CRAB pattern.
RSI is overobught.
The MACD is turning bearish.
This is a good opportunity to short betwen 1.27 to 1.618 fibonacci.
The short position can be taken between:
0.99359 to 0.99720
Regards,
Atif Akbar (moon333)
CSGNZ Credit Suisse potential bullish bat pattern on 4Hbuy CHXEUR:CSGNZ @ 10.70 (this idea is for the shares listed on the Swiss Stock Exchange)