Alfen ready to go up again?MacD and RSI are in a very good position, i also think that we have hit a bottom support.
4ALFEN trade ideas
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!
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
ALFEN more downside expectedAbove is my technical analysis on ALFEN.
ALFEN's earnings showed quite some weakness which made the stock drop quite a bit. Furthermore, it looked like the earnings report was changed quite late since things looked messy and for this reason I expect the drop in earnings to continue throughout this quarter. I assume they noticed that the start of the second querter wasn't any good at all and thus changed their outlook last-minute. For this reason there is a big chance that the stock will drop with it and follow the downtrend shown above.
Also, the next earnings might be even worse than expected (i assume so; mainly because of this messy earnings report), bringing ALFEN to even lower points (possibly hitting the third support zone shown). The price just retested the trendline and further downside is expected.
This is not financial advice, trade at your own risk and do your own due dilligence!
Alfen May Collapse SoonThis chart could be a perfect example of why you should use caution when dealing with a volatile price chart. We’ve seen this with Bitcoin recently: The price goes up in a steady line, maybe in a parabolic fashion, before the trend weakens.
A slowing down of a trend is not necessarily bad. For example: the price went up almost 30% between the first and the last sell signal (the ones at the top). However, it is clear that the price is struggling making more convincing highs.
However, be cautious when you see this pattern at the top. A slowing down in a trend after the price went up exponentially is bad. That means that the buyers are exhausted.
So to come back to this stock. The price went up exponentially, slowed down, went volatile, and now is below the resistance area. This convinces me that the price will go lower sooner or later. With charts like these, you could be looking at a drop of at least 40% to 50% from the current price.
Buiyng Alfen break of recent high.Alfen - 30d expiry - We look to Buy a break of 94.04 (stop at 90.68)
Prices have reacted from 80.44.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
93.92 has been pivotal.
A break of the recent high at 93.92 should result in a further move higher.
The primary trend remains bullish.
The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 102.38 and 105.38
Resistance: 94.00 / 97.00 / 100.00
Support: 88.50 / 85.20 / 80.44
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Buying ALFEN at trend of higher lows.Alfen - 30d expiry - We look to Buy at 93.45 (stop at 89.25)
The primary trend remains bullish.
The trend of higher lows is located at 93.00.
We look for a temporary move lower.
We look to buy dips.
A break of 100 is needed to confirm follow through negative momentum.
Prices expected to stall near trend line support.
Our profit targets will be 103.35 and 106.35
Resistance: 105.00 / 107.00 / 110.60
Support: 100.00 / 96.00 / 91.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Weekly Alfen pivot could prove difficult to breakdown.Alfen - Intraday - We look to Sell at 102.96 (stop at 105.22)
We are trading at oversold extremes.
Weekly pivot is at 103.80.
Daily pivot is at 105.00.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 103.00.
Resistance could prove difficult to breakdown.
Our profit targets will be 97.52 and 93.52
Resistance: 97.00 / 100.00 / 103.00
Support: 95.00 / 93.00 / 90.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
Alfen switches off after posting highsShort Term
We look to Sell at 118.00 (stop at 122.00)
Bearish Outside Day posted, a pattern that often indicates the end of a bullish run and the start of a new downward bias. Price action has continued to trend strongly higher and has stalled at the previous resistance near 119.45. The reversal lower yesterday signified the biggest fall in 14 sessions. We continue to note the bullish divergence and look to fade this move at good risk/reward levels.
Our profit targets will be 110.00 and 102.00
Resistance: 120.80 / 125.00 / 130.00
Support: 115.26 / 109.40 / 101.45
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ALFEN at key resistance? Alfen
Short Term
We look to Sell at 103.25 (stop at 106.25)
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 103.20, resulting in improved risk/reward. We look for losses to be extended today. The bias is still for lower levels and we look for any gains to be limited. Trading close to the psychological 100.00 level.
Our profit targets will be 94.15 and 86.00
Resistance: 103.20 / 120.00 / 150.00
Support: 86.00 / 81.00 / 72.65
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Alfen about to fall? Alfen
Short Term - We look to Sell a break of 80.66 (stop at 85.50)
Further downside is expected, however, due to the strong support below we prefer to sell a break of 82.00, which will confirm the bearish sentiment. We look for losses to be extended today. The bias is still for lower levels and we look for any gains to be limited. Selling continued from the 78.6% pullback level of 94.34.
Our profit targets will be 64.78 and 60.10
Resistance: 90.00 / 95.00 / 100.00
Support: 82.00 / 70.00 / 60.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Alfen Alfen broke out of a symmetrical triangle with a target to the downside leading to 56.3 euro. The 1.272 fib is at 56.65 euro so I think it will find support down there.
If the 1.272 is lost, the 1.414 at 51.4 euro was a strong support in september 2020 so I am considering to place some cheecky bits down there.
This is not financial advise.
ALFEN Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
