• The stock just left the pennant formation on the daily chart (left side) • Positive sign from the 100 moving average which crossed the 200 moving average • New price target at around CHF 235.70 • Nice upside trend on the weekly chart (right side); supported by the upside trendline
SWISSQUOTE N in showing huge bullish momentum not only to keep but to buy more
(German version below) Hi guys In my first post ever on here I'd like to show a possible long idea for SIKA. In the next few days SIKA might have some buy opportunities at around CHF 174. Price targets for this long idea would be at CHF 185 for target #1 and CHF 195 at target #2. Thanks very much for leaving a comment or feedback! Hallo zusammen In meinem ersten...
The Swiss market has broken above the Rising Wedge's resisting trend line (dashed) and may follow the 1W Channel Up pattern (RSI = 63.217, MACD = 177.900, Highs/Lows = 173.0836) which started in early May. Based on the RSI break out it has an upside potential to at least 10,400. Keep in mind that this break out is part of a larger bullish move as we illustrated...
Currently we have an accumulation. The 250 zone is very strong. The price rejcted it a few times now. Target is the 380 zone.
The Swiss Market Index broke past the 9,600 1M Resistance in April. This level has been rejecting any upside movements since 2007. This is a cyclical mega long term development as a new bull market is emerging. Since it has been trading within a long term Channel Up (RSI = 59.500, MACD = 210.200, Highs/Lows = 364.7764) with recurring bullish leg, we have no reason...