long position on BALNMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maketLongby batchangoyves2022
short position on BALNMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maketShortby batchangoyves2020
Baloise - BALN• Possible double bottom formation with the first low end of September and second low mid-October • Second low with slightly less volume than the first low • Resistance line at CHF 132.40 which were tested in the last three trading days • MACD crossed the Signal line near the top of the double bottom formation, which is showing a possible trend reversal • If we finally see a crossover of the resistance line, further upside to CHF 141.10 will be possible (formation target price). • The target price is slightly below the 23.6% Fibonacci Retracement (CHF 143.50), what could be a resistance this time. Longby Oliver-Basel0