NESN/N trade ideas
NESTLE (NESN): Catching Bullish Wave
hey guys,
nestle is trading within a bullish flag formation on 4h.
last week a key daily support was reached and now we see a strong bullish reaction from that.
if bulls manage to break through the resistance of the flag, we will expect a bullish continuation to recent structure highs:
106
108
good luck!
NESTLE (NESN): Bearish ABCD + Fibonacci Short
on nestle, we have a perfect convergence of multiple reversal clues.
first of all the market has recently reached a key level of resistance on the left.
this resistance matches perfectly with 618 retracement of a major bearish impulse.
+ on 4H the market has formed a double top pattern and we see a formation of a bearish ABCD pattern.
it is enough to short the stock expecting a bearish continuation at least to 105.5 level.
for the second target, we can aim at 103.0 level
Nestle on the way downHey guys, let's take a look at the Nestle shares.
As we can clearly see here, the nestle stocks have
after the all-time highs, started to correct.
With a VERY neat bearish sequence the up to
Target level correlated. The market gave us 7 times
the chance to enter (m30). In ABC correction forms
even a second sequence, which is also processed.
At the target level on the 50s, the market reacted PERFECTLY,
with just 7 pips drowdown and rose to the retail level.
Here we expect the markets to continue their way to the correction level.
Note: my analyzes do not constitute an investment recommendation!
System learned from Stefan Kassing
NESN, Nestlè N - Continuation Head & ShouldersSIX:NESN
Let's see how far we can go with the positions in Trailing Stop.
Current Risk Reward 7.53 / 1 in eight months.
This means about 1% of the account per month on a single position.
There are clearly closed positions with regular losses, but the important thing is to have a %profit and a Winrate that determine a positive "profit factor".
How can I be sure of what I do?
From the study of the past through Backtesting.
Now it's just a matter of having the discipline to follow my strategies and not getting caught up in fear and greed.
Remember that trading is MIND-SET
20% Knowledge
80% Psychology
"Rationality Yes, Emotivity No”
Nestle long-term analysis based on fractalsCurrenlty we are in I - > J upward move.
That will take Nestle share prices to the new price record - around May/June 2019.
After that time, there will be a strong downward move J -> K and price will go down to ~75 per share.
Subsequent moves will follow, I will continue on
Parabolic advance?Another good water company. Nestle appears to be accelerating northward. Good position to buy, as its on the bottom of the advance for now. IF we see a correction downward (I don't think we will), and the support line breaks, could dip badly and be in an even more attractive price. I'd put a stop loss right under support, just in case. Otherwise its a good stock to sit on
Nestle: 5th wave higher just startedI am long, bought yesterday. Expecting the 5th wave to be in the making. If 80 chf breaks lower i will close, then it will probably make some kind of more complex structure.
There is a nice risk:reward in this position, plus i like the fundamental situation around Nestle. I had some good reads about it, also Goldman, UBS, Kepler, Citi all have targets above 90 chf on a midterm horizont for Nestle.
Of course there is nothing sure in this markets thats why i am always securing my positions with a stop. Sometimes the best setups just turn and become a loser.
Sell puts on volatility spike post earningsSIMPLE STORY
Stock down on the back of disappointing earnings
Expect further weakness closer to the US open, as US institutions adjust their portfolios
This remains a quality defensive stock, quite compelling in the current toppish market context
SIMPLE OPTIONAL STRATEGY
Selling the June 16 puts with a EUR 69 strike indicatively brings in some EUR 2.00/share, or 8.5% annualized
If assigned, the put seller becomes long the shares at a net EUR 67.00/share, a compelling price some 6.5% away from here