[TOTAL] - High probability to drop to the price 29.500 EURTOTAL stock High probability to drop to the price 29.500 EUR
If you liked, leave a like and follow me please for more insight view from me.
Thank you 🙏
TTE/N trade ideas
TOTALafter the first failure try to get to 78.6% of fibonacci line now it is very likely to come back to 50% of fibonacci line to have more strength
TOTALIf the price forcefully breaks the 33.00€ level, there is a high probability that the price will fetch 35.50€.
if the price doesn't break 33.00€, next target 30.40€.
Total - Next target at 20 EurGuys,
let's trigger a new short on Total.
Next target at 20 Euro.
Thank you,
Simone
TOTAL chronic crash: dailyFollowing on the weekly analysis, Here we zoom in Cycle wave c to chase the impulses to the downside.
We are into an incomplete Primary wave 3 which completed its subwave 3 back in March, and now we wait for its subwave 5 to unfold. Because the bounce off 21€ occurred in a three waves move, subwave 4 may have completed on the 2nd of April.
This being said, let's add 'this is a wild market' as a cautious guidance. Tangibly, with subwave 3 displaying a double gap down and being so violent, subwave 5 could well be truncated and not reach 21€ again. A subwave 1 extension gives a target at 24.50€ .
Now looking at the grand scheme of things, an extension of Primary wave 1 sets a target at 18.45€ from Primary wave 2 peak, and at 20.12€ from wave 4 peak (assuming this wave 4 completed on 02/04) , as drawn on the chart...but I'd keep that target for Primary wave 5 in a couple of years. Unless TOTAL crash is not a chronic but merely a sharp one. Could this market get any wilder??
TOTAL chronic crash, weeklyThe good thing about viruses, is that they cause something to happen in the TOTAL share price, at last. 8 years in the waiting! (ok, not everyone likes cynical dark humour, apologies to those older than 65yo)
So looking back to 2007 top, short of 64€, the chart has been one overlap after another and good luck to any analyst to find confidence in his analysis.
Dow theory to the rescue and it becomes possible to sort these overlaps in waves...kind of;-) So this is my 'ordering' of these waves, but it's probably wrong as many orders seemed valid while doing this analysis, it's simply the one I feel most comfortable with.
The end result is a Cycle a-b-c correction which is now unfolding its wave c . The magnitude of this last wave is tremendous!...and not over yet. Indeed, diving into daily (analysis to follow), primary wave 3 did not seem to have completed when it bounced off 21€.
Given the violence of the down move, I'd expect a truncated subwave 5 to show up at some point. Still, the next ratio area is located in between 16.50€ and 18.50€ and that's where I expect Cycle wave c to complete.
Therefore, TOTAL crash will last, lead lower and time ratios point to August 2021 or August 2023 for TOTAL Calvary to end.
SHORT SHORT SHORT !Total is one of the leading worldwide oil groups. Net sales break down by activity as follows:
refining and chemistry (43.7%): refining of petroleum products (operated,at the end of 2019, 17 refineries throughout the world) and manufacture of basic chemistry (olefins, aromatics, polyethylene, fertilizer, etc.) and of specialty chemistry (rubber, resins, adhesives, etc.). The group is also operating in trading and sea transport of crude oil and oil products;
petroleum products distribution (43.6%) : at the end of 2019 operated 15,615 service stations throughout the world;
As you see this indicates it is nearly entirely reliant on Oil production.
With current Oil prices with low demand , low prices and ongoing negotiations this is shouting SHORT.
They also are currently battling with their competitor EDF who are currently dominating in the nucleur industry today.
They have been in negotiations to fix the competivness however EDF have been granted to carry on while TOTAL suffers.
With earnings coming up nothing indicccates to me how they can improve while also having liabilities of US$83.4b. And little cash amounts.
This in my view could see 25 then 23 again before possibly reversing
Long TOTALI am not an expert.
Short term long position as the prices broke the 15min trendline. RSI and Stochastic are growing. TP to the level of the gap @34
Let's see
Short TotalEarly March Gap has been filled, and we see exhausstion in the buying volume, keep watch on the Pivot Point and if it break we are looking to short and see if we can reach new lows !
Total Long Term Recovery LONGIn my opinion, Total has already seen the bottom. The stock probably won't go any lower.
This stock is definitely something to look into for the long term.
Oil prices were really low and are expected to be up again in 2021.
You should also take into account that Total has a yearly dividend of 2.68 EUR per share.
I'm long since 29 but I think it will definitely go up to 40 again in the shorter term and back to 50 in the longer term.
Good luck everyone!
Opportunity for long term investorsThe Oil price bloodbath didn´t help Total price as we managed to close below the 2008 crisis level and we are moving to a next big support we didn’t see 20 years ago this level will be crucial for Total and the CAC 40 but for now unless we close above 28.75 on a monthly basis Total will eventually test 21.185 and we hope to rebond from there but for long term investor the Dividend yield is 10.5% and EPS (earning per share) = 3.875 you could buy Total gradually and rebuy on major support
DFT Monthly mapping - From Miocene to PermianObservation:
- Beautiful Black Swan: Thx Opep
- Break of the primary monthly medium term investors ascending trend - Yeah the monthly one :/
- Break of the secondary monthly long term investors ascending trend with no respect for the demand cloud.
- No demand/supply area clearly identified.
- Price hold by virtual selffullfilling supports/Resistances.
From the green area: Entry zone with tight SL just below would be a good idea. If the price go below, next resistance is identified but please don't panic as it's a monthly closure which is expected here (And of course don't trade the gap between both supports).
Permian was a major extinction (95%), hope we won't stay there too long ;).
Gl
Double creux en Adam & Eve La figure en Adam & Eve est matérialisée par un creux étroit (Adam) suivi d'un large creux (Eve). il est conseillé d'attendre la confirmation de la cassure de ligne de cou (rectangle mauve) avant de prendre position. Il y a également une certaine probabilité que le marché réalise un throwback sur la ligne de cou après la cassure.
Idée publiée par Investiforum.fr, communauté boursière francophone . Articles de fond, analyses, stratégies boursières : du contenu de qualité, proposé gratuitement.
TOTAL (FP): Close To 2019's Low
Total is very close to 2019's structure low.
buying from the underlined area we have limited risk with very high-profit potential.
target levels are based on fib retracement of the last bearish leg.
382 and 618 level.
stop will be the 1.113 extension of the leg to the downside.
good luck!
Total Support zone, ready to longResistance levels are clear in this chart.
If price goes to red box, then it is worthwhile to long .
SL below August 2019 low.
Descending channel on TotalTotal follows a descending channel and it's a good opportunity to refill stocks.
But the supports are at 44.5 and 43.2 so, depending on your investment strategy it you be interesting to wait a little more.
I advise to buy half at 44.5 and the other half if value reach 43.2
Total long at 40 EuroTotal moves in a very cyclical way.
Next long will be triggered once the stock will approach the 2 weekly bands between 40 and 42 Euro
Thanks,
Simone
LONG on FP Looks good just waiting for a entry point , Possible short term downtrend but looks solid long term
