FreseniusGood monthly setup for Fresenius. Broke up descending channel, then confirmed. Now we have beautiful monthly candle giving probabilities for an upside move (hopefully above 34.60). The 3 years distance from MA shows almost the same (broke up, retest, now moving).
Very clear Fibonacci resistances around 41-44. It seems to me a good defensive play for long term. It pays nice dividend as well.
Always do your own research!
4FRE trade ideas
FRE Mean Reversion ShortRally has moved to range-bound market on weekly chart since September 24. RSI near 70 on the daily, and although MACD looks slightly bullish, volume behind this latest move towards the upper channel line doesn't seem strong enough.
Short position near channel line with a tight stop (c. 1.0x ATR). Target is lower channel line, and if breakout to the lower side succeeds, until the next strong support at 30.7
Fresenius (FRE.de) bearish scenario:The technical figure Channel Up can be found in the daily chart in the German company Fresenius SE & Co. KGaA (FRE.de). Fresenius SE & Co. KGaA is a European multinational healthcare company. It provides products and services for dialysis in hospitals and inpatient and outpatient medical care. It is involved in hospital management and in engineering and services for medical centers and other healthcare facilities. Channel Up broke through the support line on 24/02/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 15 days towards 24.00 EUR. According to experts, your stop-loss order should be placed at 29.710 EUR if you decide to enter this position.
Fresenius SE is exploring steps to relinquish control of its dialysis subsidiary as Elliott Investment Management puts pressure on the German healthcare company to simplify its business.
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#FRE Long ideaHello dear Traders,
Here is my idea for #FRE
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
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Fresenius ready to go!Hello altogether!
Fresenius looks ready to go up.
- We roughly tested the previous long-term descending trendline (care!: maybe this was not the test we want to see and we will come back and really test it!)
- The short-term descending trendline is broken
- Our fibo level held nicely
We are entering here... looking for a move up to the 54-62 region (see upper range of fibo).
FRE w24 2021. Wait for clear uptrend.Weekly
Consolidation in downtrend
No Divergency
Price above criticial level of 50.
Will test and if break will up to 100.
Daily
Range
Weak power of trend = will continue range
Only if price will break and confirm 50 then buy
Open 50
SL 45
TP 80
RR 4
I expect it as very long trade. If you look for safe position it couldd be good.
Trading Idea - #Fresenius SEBUY
ENTRY: 40.85 EUR
TARGET: 50.00 EUR (+22%)
STOP: 37.00 EUR
1.) Fresenius is breaking out of the POC box (Point of Control/Point of Interest). Technicall, an upward movement is expected.
2.) 42.80 EUR level needs to fall, so that an attack on the mid-term resistance (44.00 EUR) can occure.
3.) Fresenius works intensively at the cost reduction, which should make the company more profitable.
Fresenius SE (FRES - Xetra) - ABC wave patternFresenius SE (FRES - Xetra) is in ABC zigzag wave pattern in 60 min time frame and moving in 2nd wave of C wave up as out-performer to DAX index, after which 3rd wave will start soon. In weekly time frame it dropped in impulse sequence from major top and moving up in correction.
Fresenius SE & CO KGAA CHXEUR:FREDPossible 123 trend reversal + possible inverse shoulder-head-shoulder formation => Entry @62.81 (123 trend reversal) and/or @ neckline of inverse shoulder-head-shoulder formation
Possible taget values: filling of open gap @65.43 and target value coming from (possible) inverse shoulder-head-shoulder @ around 70.00
Possible stop @ around 60.00 (support by EMA20, 50 and 200) or @58.55 (right shoulder)