SREN.vx bullish scenario:SREN.vx bullish scenario:
We have technical figure Channel Down in Swiss company Swiss Reinsurance Company Ltd (SREN.vx) at daily chart. Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zurich, Switzerland. It is the world's second-largest reinsurer. Founded in 1863, Swiss Re operates through offices in more than 25 countries. Swiss Re was ranked 118th in Forbes 2000 Global leading companies 2016. It was also ranked 313th in Fortune Global 500 in 2015. The Channel Down has broken through the resistance line at 03/11/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 13 days towards 73.10 CHF. Our stop loss order should be placed at 62.22 CHF if we decide to enter this position.
FUNDAMENTALS
- Swiss Re and carmaker Daimler announced a joint automotive and mobility insurance venture on Monday, seeking to tap into a wealth of new data generated by highly automated vehicles to help insurers to calculate risk.
SREN.vx bullish scenario:We have technical figure Channel Down in Swiss company Swiss Reinsurance Company Ltd (SREN.vx) at daily chart. Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zurich, Switzerland. It is the world's second-largest reinsurer. Founded in 1863, Swiss Re operates through offices in more than 25 countries. Swiss Re was ranked 118th in Forbes 2000 Global leading companies 2016. It was also ranked 313th in Fortune Global 500 in 2015. The Channel Down has broken through the resistance line at 03/11/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 13 days towards 73.10 CHF. Our stop loss order should be placed at 62.22 CHF if we decide to enter this position.
Fundamentals:
- Swiss Re and carmaker Daimler announced a joint automotive and mobility insurance venture on Monday, seeking to tap into a wealth of new data generated by highly automated vehicles to help insurers to calculate risk.
NOVN.vx bearish scenario:We have technical figure Triangle in Swiss company Novartis International AG (NOVN.vx) at daily chart. Novartis International AG is a Swiss multinational pharmaceutical company based in Basel, Switzerland. It is one of the largest pharmaceutical companies by both market capitalization and sales. The Triangle has broken through the support line at 16/10/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 16 days towards 74.78 CHF.
Fundamentals:
- Swiss drugmaker Novartis grabbed a key European panel’s recommendation for its prospective cholesterol drug Leqvio on Friday, clearing the way for its approval in the next couple of months. Novartis is also counting on approval from U.S. regulators before the end of the year for the drug, also known as inclisiran, which the Basel-based drugmaker bought in a deal last year for nearly $10 billion and predicts will be a top seller.
FHZN - Rare failing 5 PatternAnother short Update on my expectations on Zurich Airport. SIX:FHZN
In the last weeks we formed a very rare Elliot Wave Pattern, the failing Wave 5.
But my expectations still remain the same, we will correct to at least 114CHF-100CHF!
Right we are forming a very large 1-2 Setup, the following Wave 3 will bring us over the previous ATH very likely!
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Cembra Money Bank – CMBN• Possible double top Formation
• If the stock price is correcting in the next days and passing the valley low at 105.50 a further correction to 97.60 should be expected.
• Stock is testing the upward trendline. Could leave this area in the next days.
• Formation target price is at the gap area which was built mid-march 20
• A technical support is given from the 100-day MA which is crossing the 200-day MA
Will MBTN close this week with an ok, good or GREAT performance?This week, Meyer Burger exceeded all bullish expectations and crushed resistance after resistance. Starting monday morning at shy 0.2470, Meyer Burger did not just cut itself through the 0.27 resistance as it would be butter, it also even overshot the blue channel forming since the corona crisis. Meyer Burger's price did not stall until over 0.33 which was a weekly gain of about +35% (!).
Understandably, at some point there were not enough buyers anymore for this moment. Hence, the price is today retracing a bit from the high of 0.3340 (!) to currently 0.2844, a seemingly horrible day with a loss of -8.99%, but one has to remember it is still a great performance of +15% for this week.
Possible closes:
price > ~0.29 / the blue channel -> GREAT
0.29 > price > 0.27 -> GOOD
0.27 > price > 0.25 -> OK
Summarized, as long as the price stays over 0.27, it's a very bullish sign technically speaking. (So watch that level in the next time)
FHZN - Last EntryLast Update in this Uptrend ! SIX:FHZN
Right now we are correcting in a Wave 4 and are then heading for ca. 158CHF.
At the moment we will reach this level i am expecting the end of the Big Wave 1, an ABC Correction will follow very likely.
Only risk what you can afford to loose, i am only taking this trade because i already have 2 in profit.
3# Long
Entry: 134.7CHF
Profit Target: 159.5CHF
Stop Loss: 127.8
2# Long
Entry: 127.4 CHF
Profit Target: 159.5 CHF
Stop Loss: 120.4 CHF
1# Long
Entry: 116.9 CHF
Profit Target: 159.5 CHF
Stop Loss: 108.4 CHF
The waiting came to an end - FZAG LONG Hello Guys
It has been a while since i posted my last update, in which i mentioned the umpcoming long opportunity in Zurich Airport. SIX:FHZN
Wave 4 corrected heavier than i expected but neverthless, i could place an successful entry.
This trade can still be taken by anyone who didn't exploited the earnings pump. - I will update my stop-loss and place the stop on entry, if the stock goes higher.
Please trade carefully and manage your stop-loss.
My Current Position
Entry: 127.4 CHF
Profit Target: 159.5 CHF
Stop Loss: 120.4 CHF
Meyer Burger - following business pivot and stock splitMeyer Burgers pivots from solar cell eqiupment supplier to maker of solar cell modules. Next gen photovoltaic breakthrough kept close to the chest.
Tech lead
Merger Burgers has a portfolio of leading tech setting the standard for equipment used by many of the world’s PV manufacturers. Meyer Burger is also credited with introducing efficiency-boosting PERC architecture into the solar market.
Arbitrages of perception, liquidity and possibly price
Perception and pivot: Stock split and full go ahead from shareholders, 81,4% approving capital increase and tranfsormation to a manufacturer of solar cells to solar modules.
Liquidity: In an obviously good trend where states are willing to finance next gen solar. A clear strategic commitment of German and European politics. Tax breaks will probably continue to be generous. The trend is becoming stronger all over the world. Solar together with new tech for storing electricity as well as hydrogen and hydrogen transformation will be part of the solution. There won't be one technological winner. We need many. Batteries are quite problematic for many reasons, minerals being one.
Price: stock split might provide a momentum - recent data seem to suggest this in my opinion - peoples perception of price history is not completely rational. There is a strong tendency to misread the graphs here for non instituional investors/retail investors.
Sources
Shareholder decision
www.meyerburger.com
Comeback for german solar cell production
www.meyerburger.com
Mission/pivot
www.meyerburger.com
PERC
www.meyerburger.com