UEN trade ideas
UBI Soft bullish hidden divergenceEURONEXT:UBI Shows a clear hidden divergence, which signals that trend will continue. Long term support is still going strong while long term resistance trend line is broken. Possible long entry.
Ubisoft downtrend confirmation or island reversal?Ubisoft has been stuck in a downtrend for awhile now, an initial island can be observed and linked to the current downfall of this stock. Currently the price is trading within a downtrend, where a second island bottom is present, which may lead to a reversal at the immediate support zone. Overall the bearish momentum, outweighs the possible bullish factors.
After 4 days of fighting with the top, eventually Ubisoft fellUbisoft reached a high 4 days ago and signaled that it was over.
Traders rushed to open short positions and remained calmed and focus, waiting for the break..
This break came 4 days later, yesterday, when mid day it fell 4.5% from its peak
Entry: $94.7 (17/09)
Exit: $92.7 (19/09)
Return: 2.1%
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