L'OREAL: Targetzone Ahead!The L'oreal stock is undergoing a correction phase, with the possibility of further declines into the €300 - €270 support zone. This level is marked as a strong long-term buy opportunity for investors, and price recovery is expected from this zone. Should this correction unfold as anticipated, the stock could rally with potential targets at 375 and €400+ in the longer term.
Thank you for taking the time to read my analysis.
I look forward to reading your thoughts.
Best regards,
Mattner
no investment advice
4OR trade ideas
Another European stock in trouble? Double top on #LOREAL #LOR
seems to be in progress
and a further weakening of the eurozone
By the time this massive double top has confirmed with a breakout
a 1/3 of the stocks's value would have been shed
Ultimately if we get a major downturn
Loreal could be down to 150 zone
L'OREAL weekly (log)Hello everyone,
Weekly chart on logarithmic scale.
The long-term trend is bullish, but the channel is breaking down in the short term.
The price has just gone below the 200-period simple average.
Is L'Oréal "Because you're worth it" still in the air?
This file does not interest me for the moment.
Make your opinion, before placing an order.
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LOREAL possible buyL'oreal, a French cosmetic giant is forming a possible buy position for investors. What am I looking at?
1. I am seeing forming of a Cup and Handle formation on a weekly time frame, which looks very nice.
2. Next important thing to consider, the price of the stock regained 50MA on weekly time frame , which is considered a nice bullish move and a chance to "get in" at a good price. Last time the price regained 50MA was on April 2020, and it has been rising ever since.
3. We have a small downtrend line which is about to be broken, price is sitting at 10EMA, priced around 404.4euros per share. I would like to see that level to be broken, before I enter with my first purchase.
4. The thing I liked, is that the price bounced hard from it's support level, sitting at 370.7 to 371.85 price level, and started making higher high's. This price movements are like a small cool off in trading, and market catching a break before the price makes new higher high.
5. My first entry point would be just above the current price, I would scroll down to H4 time frame, and wait for the down trendline to be broken before I enter.
6. Stop Loss for this first entry would be sitting 10-12 euros below the current price, price level 389 . Why there? On the H4 time frame, just above this price level is the 50MA. If this level gets broken I will consider that market doesn't have the necessary strength to continue it's move up.
7. Second entry point , if everything goes as planned, would between 429 and 435 price levels, I would consider that Cup and Handle was fully formed once price breaks above those price levels.
As always, please do your due diligence before investing your hard earned cash, don't follow advice from a random guy on TradingView.
OR: wait for a pull-back and then re-enterLike the classical Elliott wave count that is unfolding.
The current impulse wave 1 might be matured and one can expect a pull-back to 332 - wave 2.
Then the bullish trend will resume up to 470.
Technical rating: medium and wait for the price action to develop further.
Great buyWith the coming of new tax checks it is not crazy to think that the shares will rise again
Remember that with fiat money printing your money loses more value compared to other assets, the best way to avoid this is by buying very attractive and easily convertible assets.
We can see well that the line has served as support and resistance
That support line could go back to 315 therefore excellent purchase to invest
Buy: 297-295
Loss height: 293.5
Profit Collection: 315-320
LOREAL (OR): Long Trade From Key Level
Loreal stock is falling since January.
From 6th the price started to contract within a falling wedge pattern.
On Friday the price reached major horizontal support and then formed a double bottom formation on hourly time frame.
Today we see a breakout of the resistance of the wedge.
It is a very strong bullish clue and the market will most likely start growing.
Goals: 301 / 304
Buy L'OrealBuy L'Oreal at 307.40 up to 308.20
CAC-40 constituent and global beauty and cosmetics giant is signaling via it's price action, chart structure, it's intention to make further gains following the breakout seen on 09 November 2020. This breakout to all-time highs was followed by two back-tests which developed a higher low in process and led to a breakout of the minor downward trend (descending triangle) in place since 12 November. During Wednesday's trading session, we saw a strong igniting candle above the 8-day EMA which solidified the share's place above it's most recent pivot. Today's minor pullback is an opportunity to buy, with a medium term view. At the time of publication, the share trades at €307.40.
L'oreal's place in a world with masksThis is just my thought, the world's fundamentals have changed. Cosmetics, Make-up and general beauty products utilization has decreased noticeably due to the pandemic. If people are wearing a mask, or working from home, they don't really use these types of products. Unless a vaccine appears soon, I think this stock will see a noticeable decline to around 250.
L' OREALHello everyone,
A good opportunity has been detected on the L’ OREAL stock.
After strong upward movement on the L’ OREAL, the
price found resistance on a return line, pulled back and is
currently correcting to the downside.
We are expecting the price to reach approximately the 266.500
price area, where we have a 23.6% Fibonacci retracement level,
as well as the 50 Moving Average and the lower bound of the
Bollinger Bands.