Alfen longAlfen, a Dutch company with a lot of potential. When it crashed 90% it got my attention again. It is back to where it was in 2018/2019. Although the price falls, the RSI rises. I also see a price cap on the daily timeframe, approximately between 21-32 euros. I wouldn't be surprised if Alfen starts to skyrocket now.
I keep graphs, but more on a macro level (timeframes of decades). I noticed this by chance and it seems interesting, also because I think that car charging stations and energy storage will become interesting in the coming years.
Note: I am not a trader or anything like that!
ASML HOLDING N.V - BUY APPROVEDASML Buy Recommendation is Certified.
1. The major trendline since 2009 has been tested and remains solid.
2. The Fibonacci retracement is currently at the 0.618 level, the ultimate prime level.
3. The Fibonacci extension consistently proves accurate.
4. The presidential election year is historically the best time to invest, plus the stock is currently discounted.
5. ASML holds a global monopoly in EUV (Extreme Ultraviolet) lithography technology.
6. Earnings have consistently been excellent, with the company being highly profitable.
7. Some market pressures are driven by American interests, aiming to undermine ASML in order to prevent the sale of machines to China.
TARGET: 1450 EUR
ASML - Downtrend & Push backTREND
According to the current wave structure, it is in the downtrend.
Characteristically, it is used to create pull and push backs after support/resistance breakout.
So we can expect similar behavior now.
It has not formed a channel yet, but a probable channel can be estimated as on the chart.
Moving Averages
The current price is under 100-day (Turquoise) (so supports downtrend)
50-day (Orange) will most likely cross 100-day (Turquoise) from up to down (powerful indicator supporting downtrend) in two weeks, unless prices exceeds 50-day.
200-day (Blue) has just worked as a support, but the next momentum is expected to be more powerful resulting a potential breakout of 200-day support.
SUMMARY
Based on this analysis, a price action following the blue arrow is highly probable.
ASML Swing Trade - ShortFor my first trade of the year, I will take a stab at ASML.
The share has failed to break through an established resistance (red line), and MACD and price action suggest a bearish move. My profit target is 608, close to the next support I identified (green line). My stop will be just over the resistance line, resulting in a 2R target for this trade.
Happy New Year, fellow traders! Let's go!
Heineken Missing Right Shoulder Bullish div on 1D MSR bullish div
Bullish div on 6 indicators I check:
MACD-H EFI mLines ATR price div EFI ATR div Stoch RSI
V1 buy trigger as well, and turning up now, impuls on 4H chart even green
Even V1 buy trigger on weekly, and diverging bottom on weekly as well.
TP1
70,89
TP2:
71,66
Entry:
69,1
SL
68,04
Trade #00005
[GLE] French Bank StockFirst time I am really interested by a banking stock and even more on this one after the 2008 crisis.
Here I want to see a big breakout of the weekly resistance level, this can then lead to a huge rally for the up side with 50€ as big target.
We have to manage the trade in case the break doesn't happen and we see some reversal short ... then a short swing can become a great idea
Great Trade !
[SAF] French Stock ReversalOn this very strong French Stock I waited this level for a long time and it has been my main profit level from years ago. Now I am looking for a corrective move to then enter back on it for the long terme.
I am now trying to play the short side of the correction on the TLB anticipation. This is my first entry and try, let's see next week if I have to adapt and modify my entry point to re-enter later ... strong conviction on this one.
Great Trade !
ALFEN in 600% rally to 60 euro? ** investment opportunity - European stock! **
A focus on European stocks for a change. The US stock market is becoming increasingly overbought with opportunities few and far between for long term investors. A look overseas provides some attractive opportunities.
As Europe transitions towards greener electricity generation so does the demand for infrastructure. One such company seeking to meet that demand is Netherlands based company ALFEN, which:
“engages in the development, production, and sale of products, systems and services related to the electricity grid. It focuses on smart grid solutions, electronic vehicle charging equipment, and energy storage systems for businesses.”
The TA:
On the above 4 day chart price action has corrected 90% since August 2022, a number of reasons now exist to consider an investment in this micro stock. They include:
1) Price action and RSI resistance breakouts.
2) Price action on legacy support (see monthly chart below).
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action.
4) The 60 euro range is 1st significant resistance upon legacy support confirmation.
Is it possible price action continues correcting? Sure.
It is probable? No.
Ww
Type: Investment
Risk: You decide
Timeframe for long: Remainder of 2024
Return: 500-600%
Stop loss: Elsewhere
Monthly support
ASML RISING: Weekly MACD cross up, daily EMA 34/20 cross up.After a clear double bottom AND ASML being the MOST OVERSOLD EVER in the history of this stock, we have a nice +/- 10% upside opportunity on the swing up, with very attractive risk reward ratio (depending on where you anchor your stops but I leave that to you).
Daily chart has showed us a lot of bullish divergence over the past weeks and it's clear traders have been loading up on cheap ASML shares while this unique opportunity presented itself and this has slowly exhausted the sellers over the past month, making it ripe for a jump.
ASML is ready for a major run up. What I like about this setup is that even if I am wrong about the mid-long term of this move. I capitalize on the short term momentum of the move with minimal exposure to risk.
This stock is volatile and I take that into consideration when trading it.
I am no expert and none of this is advice, just sharing how I see things, trade at your own risk.
Wish you good luck and good fortune!
ASML range bound in from 620 to 670. ASML has biggest volume at range 645 to 665. I posit that until ASML can break 675 we won't see the next level. Given the news that Biden won't levy strict tarrifs on TSMC, this is positive for ASML as well and I think in December we will see ASMl go above 700. Let's wait for the reversal confirmation though.