VCISF trade ideas
VINCI SA (DG.pa) bullish scenarioThe technical figure Flag can be found in French company Vinci S.A.(DG.pa) at daily chart. Vinci, corporately styled VINCI, is a French concessions and construction company. Vinci is listed on Euronext's Paris stock exchange and is a member of the Euro Stoxx 50 index. The Flag has broken through the resistance line on 29/07/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 9 days towards 92.93 EUR. Your stop loss order according to experts should be placed at 85.15 EUR if you decide to enter this position.
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Evolution Of Vinci Stocks'This share is showing a good potential in the French market.
It could hit the $104 in the next 3 months.
Strong resistance on 96€ and ascending triangleWe can see DG has failed several times to break through the 96€ resistance.
We also are in an ascending triangle configuration which often leads to negative tendency.
In absence of good news that are not already priced by the markets I think of a short strategy of a part of the stocks under 96€ and rebuy at a good price later (84 ;75.5; 65.5).
If 96 is broke, the 98 remain and maybe the psychological 100 resistance.
If 100 is broken, we have strength to reach ATH.
Vinci - DG• Nice uptrend in the last days and weeks
• Nice flagpole followed by a pennant in the short-term chart (left side)
• Formation price target 112.22
• Nice flag followed by an upward move in the long-term chart (right side); currently there is a consolidation after closing the gap from beginning march 2020
• Formation price target 110.66
• Let’s wait for an outbreak of the pennant formation. Afterwards a long position could be interesting
divergence haussière H4on peut voir une divergence haussière en H4, plus une formation de triangle ascendant.
Short Vinci on premice of adistribution phase ?Prices have reached the highest level from early June @90.48.
This limit may be a strong resistance. After the surge of more than 20% this week a distribution phase is likely to occur with prices trading in a range from 83 to 90.
I don't know what will happen. But as prices don't break any support(@83) or resistance(@90) I play the range.
I may be wrong. But I am ready to change my position accordingly.
Let's what happen...
DG.pa bullish scenario:DG.pa bullish scenario:
We have technical figure Channel Down in French company Vinci SA (DG.pa) at daily chart. Vinci, corporately styled VINCI, is a French concessions and construction company founded in 1899 as Société Générale d'Enterprises. Its head office is in Rueil-Malmaison, in the western suburbs of Paris. Vinci is listed on Euronext's Paris stock exchange and is a member of the Euro Stoxx 50 index. The Channel Down has broken through the resistance line at 05/11/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 15 days towards 76.88 EUR. Our stop loss order should be placed at 64.86 EUR if we decide to enter this position.
FUNDAMENTALS
- Shares of Spanish engineering and infrastructure group ACS surged 16% on Friday after French rival Vinci made a non-binding offer to buy ACS's industrial unit Cobra for 5.2 billion euros. Vinci has offered to pay at least 2.8 billion euros in cash and the rest in Vinci shares, the filing said. Vinci shares were up 2% after the news.
DG.pa bullish scenario:DG.pa bullish scenario:
We have technical figure Channel Down in French company Vinci SA (DG.pa) at daily chart. Vinci, corporately styled VINCI, is a French concessions and construction company founded in 1899 as Société Générale d'Enterprises. Its head office is in Rueil-Malmaison, in the western suburbs of Paris. Vinci is listed on Euronext's Paris stock exchange and is a member of the Euro Stoxx 50 index. The Channel Down has broken through the resistance line at 05/11/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 15 days towards 76.88 EUR. Our stop loss order should be placed at 64.86 EUR if we decide to enter this position.
FUNDAMENTALS\
- Shares of Spanish engineering and infrastructure group ACS surged 16% on Friday after French rival Vinci made a non-binding offer to buy ACS's industrial unit Cobra for 5.2 billion euros. Vinci has offered to pay at least 2.8 billion euros in cash and the rest in Vinci shares, the filing said. Vinci shares were up 2% after the news.
Vinci Outlook to few years aheadPrice movement and fluctuation during this market crush of Covid area.
VINCI - Daily - Range - NeutreVINCI - Daily - L'action à perdu plus de 40% depuis ses plus haut en Février 2020.
Elle consolide dans un grand range entre 72€ et 55€.
Achat seulement si le GAP à 72€ qui sert de résistance est dépassé.. Sinon on continuera à privilégier les ventes
Double top observed on VinciVinci is in a very clean double top (T - T1T2), the price has strongly broken the neckline (N) and is evolving in a descending channel delimited by R and S lines. The pullback over the neckline is observed. The probability of a bearish phase is very high. Objective is 72€
