Bearish regime BAM (Short term)Technical motives
- Expectation of lower earnings.
(With past earnings made the price 3 channels lower with these fundamentals)
- Price action matches boombust cycle patterns.
Wich if follows is expect to blowup.
- Bearish price development show that sellers are making the price moves.
BAMNB trade ideas
BAM BAM BAM The construction sector has tremendous growth potential due to the large home shortage. BAM Group went through difficult times, but with a major reorganization and a new CEO Ruud Joosten who only seems to be making good choices at the moment. I see a bright future for BAM GROUP.
I have drawn two levels where I get into position.
Koninklijke BAM Groep NV. BAMNB. Cup & Handle. BAM has been in an uptrend since Feb 2021. However, in mid-February 2022 a nice dip from € 3.45 to € 2.07, but the uptrend has started again reasonably well.
If the price continues to rise in the coming weeks, we will see a cup & handle pattern and a test on the fibonacci golden pocket.
When this fibonacci is broken, the price can return to € 3.50. And that could be another selling point.
16-04-2022. My 2e TA.
Sign of an upcoming upward trend for BAM.Today BAM is dropping through its three monthly lowest price.
Taking this into account, we analyzed the technical analysis.
The RSI3M3 indicator has fallen in its oversold region and now we are waiting for the buy signal .
Given the downward trend, this could happen within 6 trading days.
In addition, the ADT - DeMarker I & DT Bressert indicator must have touched the zero line and make an upward movement towards the hundred line.
For example, we will wait until the buy signal appears as a green arrow pointing up.
Happy trading,
ADutchTourist
Keep an eye on BAM, weekly is showing signs of reversal.Royal BAM Group nv is a construction firm with ten operating companies in five European home markets and in niche markets worldwide. BAM’s operating companies are active in the business lines Construction and Property, Civil engineering, as well as in Public-private partnerships.
Possible buy BAMNB longAfter bad Q2 price dropped to support zone. Possibly fall further, but seems stabilizing on support.
BAM is still healthy with good and new big projects as they replied with a statement on the pricedrop
We have seen this pattern before in Juli 2014 and price come back strong. Also after bad Q2. Who knows? ABN Amro, a big Dutch bank also gives advise for buy.
If anybody has ideas on this one, please let me hear!