Unilever (ULVR) - 30d expiry - We look to Buy at 44.71 (stop at 43.89) Daily signals are bullish. Levels below 45 continue to attract buyers. We look for a temporary move lower. We look to buy dips. Momentum is flat, highlighting the lack of clear direction. Our profit targets will be 46.75 and 47.55 Resistance: 46.50 / 47.50 / 48.30 Support: 46.00 /...
Unilever (ULVR) - Intraday - We look to Sell a break of 44.49 (stop at 45.41) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term momentum is bearish. 44.60 has been pivotal. 44.60 continues to hold back the bears. Posted a Double Bottom formation. A break of 44.60 is needed to confirm follow...
A negative pattern was formed on the weekly graph from October 15 to October 16, which led to a downward slope in the price. This price broke the upward sloping support line giving room to further drops in the price level. I would look for this to continue falling to the long-term support line around 36.5 (around fib 0.5). Unilever have come under pressure...