long position on FHZNMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
FHZN trade ideas
FHZN - The power of elliot waves | Volume 2The zurich airport is tough, but in the coming months this toughness will be tested once again! SIX:FHZN
Our last analysis on this share was published on January 12, in which we warned about a potential sell-off.
In this analysis we highlighted the importance of the wedge formation to our subscribers. In the last days the stock fell by more than -20% and we have now left this formation.
Today zurich airport published its earnings and based on them we can evaluate the progress of the company.
The airport was able to slightly reduce its net loss in the past year but disappointed investors with lower revenues than expected .
Revenues were just under 680 million , which is about half of what they were before the Corona crisis. The management announced that a full recovery to the pre-crisis level of 2019 is not expected until the end of 2025. Investors will have to be patient with the company and as most assumed there won't be a dividend payout again this year. This however gives the management the opportunity to direct the money to where it's most needed.
Overall, the airport is recovering in small steps from the shock of the Corona crisis.
The upcoming years will bring further difficulties, but the management will concentrate on navigating the company back to profitability.
Technical explanation of the elliot wave structure:
As mentioned above, the share price has fallen by almost -20% since we last warned of a sell-off. We as Mendenmein Capital see this as another confirmation of our calculations.
Nevertheless, we assume that the share has now expanded a first downward impulse in the white wave (1) and in the coming weeks a slight recovery must be expected in the white wave (2). This wave will lay the foundation for further sell-offs and the target for the next year is located at just 95 swiss francs. The white wave (3) should be able to reach this target without any problems.
After a short recovery in the white wave (4), a final wave (5) will continue to correct towards our final target of 80 swiss francs. We assume that this downward impulse will occupy us in the coming months and years.
In the long term however, we are extremely bullish and the formations of the last years point towards a very large wave I / wave II super cycle. This means that we have a multi-year bull market ahead of us after the completion of wave II, our subscribers are familiar with this term by now. The long-term price target for this stock is 450.- and we at Mendenmein Capital are extremely confident in our optimistic views.
On our website investors can learn more about the zurich airport share and other stocks! www.mendenmein-capital.com
Disclaimer:
According to legal regulations, Mornau-Research is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk.
Mornau-Research cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence.
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
FHZN - The power of elliot waves Dear subscribers, lets come together for an educational article featuring the zurich airport. SIX:FHZN
We have published some articles about the Zurich Airport in the past and suspected back then a more bullish structure than this one which we are publishing now.
The Zurich Airport company operates and manages the eponymous Zurich Airport in Switzerland, which is the international transportation hub for the entire country. The company has an excellent management and the government of Zurich itself holds almost 38.38% of all shares. Therefore, Zurich Airport can always rely on government support and enjoys a good reputation.
In addition, the company is increasingly expanding into emerging markets and now owns Hercilio Luz Airport (FLN) in Florianopolis Brazil. For the future, it is therefore clear that the company is increasingly driving its presence abroad and expanding its business model.
However, the zurich airport stock provides an excellent example to introduce traders who are not familiar with the Elliot Wave method of analysis.
The stock has originally been around since 2000, but on Tradingview we only have access to the market data since the beginning of 2010, but this makes little difference to the current movement, as a huge 1-2 wave setup was also formed during the period 2000-2010.
Technical explanation of the Elliot wave structure:
The stock has experienced a huge price increase since 2012, which was supported based on a huge 1-2 (Orange) wave setup. From this structure, a large wave 3 was established, which additonally established a complete impulse of its own (dark green). After completing a short correction in wave 4, the stock first formed an impulse (light green) and ended the year-long bull market with a final impulse (turquoise)
Since then, we have seen a very hard downward impulse, which reached its absolute peak in early 2020 due to the Corona crisis. Since the last low at just under $83, the stock has been rising again in what we categorized as a wave B (yellow). Now, a wedge has formed over the last two years, which strengthens our assumption of a corrective B wave.
Finally, a breakout can be expected within the year 2022 and the stocj will correct with high probability back to 80$.
Disclaimer:
According to legal regulations, Mornau-Research is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk.
Mornau-Research cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence.
===============================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
FHZN - Rare failing 5 PatternAnother short Update on my expectations on Zurich Airport. SIX:FHZN
In the last weeks we formed a very rare Elliot Wave Pattern, the failing Wave 5.
But my expectations still remain the same, we will correct to at least 114CHF-100CHF!
Right we are forming a very large 1-2 Setup, the following Wave 3 will bring us over the previous ATH very likely!
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
FHZN - Last EntryLast Update in this Uptrend ! SIX:FHZN
Right now we are correcting in a Wave 4 and are then heading for ca. 158CHF.
At the moment we will reach this level i am expecting the end of the Big Wave 1, an ABC Correction will follow very likely.
Only risk what you can afford to loose, i am only taking this trade because i already have 2 in profit.
3# Long
Entry: 134.7CHF
Profit Target: 159.5CHF
Stop Loss: 127.8
2# Long
Entry: 127.4 CHF
Profit Target: 159.5 CHF
Stop Loss: 120.4 CHF
1# Long
Entry: 116.9 CHF
Profit Target: 159.5 CHF
Stop Loss: 108.4 CHF
The waiting came to an end - FZAG LONG Hello Guys
It has been a while since i posted my last update, in which i mentioned the umpcoming long opportunity in Zurich Airport. SIX:FHZN
Wave 4 corrected heavier than i expected but neverthless, i could place an successful entry.
This trade can still be taken by anyone who didn't exploited the earnings pump. - I will update my stop-loss and place the stop on entry, if the stock goes higher.
Please trade carefully and manage your stop-loss.
My Current Position
Entry: 127.4 CHF
Profit Target: 159.5 CHF
Stop Loss: 120.4 CHF
Zurich Airport - Upcoming Long OpportunityHello Guys
I wanted to give everyone a quick update on my view about the Zurich Airport Stock (SIX). SIX:FHZN
Since last week i am waiting for a correction, which will bring us down to the lower trendline.
The Price recovered a couple percents but this doesn't change my view in the slightest.
Look at how accurate the orange Wave 4 stopped at the previous high of Wave 2.
If we should break out over the High of Wave 2 and 4, i will start looking for a low risk LONG entry.
My Setup for FHZN
Entry: ca 117.00 CHF
SL: 108.40 CHF
TP: 161.00 CHF
