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Uuii UbisoftBuying points: -trend line from July,15 -strong support at 51.14€ -MACD: MA lines extremely under average -RSI: oversold Selling points: -all SMAs above the price -MACD shows negative momentum Fundamentals -selling pressure bc of bad earnings of the gaming industry (take-two) -seasonal summer impact -> people are more outside, fewer sales -guidance of next earnings: meh Conclusion Technically the stock has a great potential to bounce back to a certain level which I think is 59-60€. So, with a tight stop loss, we are looking for a 17% return. My strategy, in this case, is to sell the stock when it hits SMAs like 50 or 100 (main goal 100). You could argue that the share has the chance to get to the upper downtrend line but the fundamentals do not support this theory, not in the short-mid term. Short opportunities could arrive after we go under the trend and support line (full daily closed candle). This would become approximately 20% down to the next support line of 40€. As all ways, I try my best to calculate the best risk/reward ratio. If you like my analysis you can follow for more quality content.
EURONEXT:UBILong
by Chrlstlan
Breakout from consolidationDanone SA has completed two classical charting patterns over the past 12-months with the bottom signified by a complex inverted head and shoulders followed by a 5-month period of consolidation (rectangle). The current breakout sees a target of at least 65 with a likely bullish trend to be established over the coming months. The current pullback to 62 following the initial breakout offers a good risk to reward setup with stops to be considered just below the breakout level at 60
EURONEXT:BNLong
by FXAutomate
VINCI SA (DG.pa) bullish scenarioThe technical figure Flag can be found in French company Vinci S.A.(DG.pa) at daily chart. Vinci, corporately styled VINCI, is a French concessions and construction company. Vinci is listed on Euronext's Paris stock exchange and is a member of the Euro Stoxx 50 index. The Flag has broken through the resistance line on 29/07/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 9 days towards 92.93 EUR. Your stop loss order according to experts should be placed at 85.15 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:DGLong
by legacyFXofficial
SocGen (GLE.pa) bullish scenarioThe technical figure Channel Down can be found in French company Societe Generale (GLE.pa) at daily chart. Société Générale S.A., often nicknamed "SocGen", is a French multinational investment bank and financial services company headquartered in Paris, France. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, Financial Services, Corporate and Investment Banking, Private Banking, Asset Management and Securities Services. The Channel Down has broken through the resistance line on 27/07/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 11 days towards 25.815 EUR. Your stop loss order according to experts should be placed at 22.820 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:GLELong
by legacyFXofficial
1
LVMH (MC.pa) bullish scenarioThe technical figure Pennant can be found in French company LVMH Moet Hennessy Louis Vuitton (MC.pa) at daily chart. LVMH is a French Holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France. The Pennant has broken through the resistance line on 24/07/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 8 days towards 698.30 EUR. Your stop loss order according to experts should be placed at 635.10 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:MCLong
by legacyFXofficial
1