EuroStockOption

EuroStockOption Updated 

Conclusion If current retracement levels hold and subsequently break above 74, bull case targeting 400+ is in play. First indication of upside would be recovering 60. Technical Nominally dropped over 80% sinds the wave 3 top in 2020, while volume profile suggests uphill battle toward 60 is tough. But putting it in a logarithmic perspective, the wave 4 retrace...

EuroStockOption Updated 

Conclusion: A substantial break above 100, preferably above 107 signals a short term bullish potential, challenging ATH and beyond. A drop below 75 on the other hand renders long term bearish or at least choppy consolidation. For short term play targeting 108 minimally, with tight stop just under 96, R:R will at least be 2:1. If break out successful, keep...

EuroStockOption

Long term highly likely to profit from major ESG investments of the EU. Short term need higher high to confirm bottom is in, will update upside target once 1-2 setup is clear. RSI and stochastic indicate leaving oversold zone and ready to take off. Disclosure: beside long term holding, already bought Sep 2022 calls, strike 40 & 45 for short term plays, start to...

EuroStockOption

Ideally come down a little bit more, first tranche initiating at 4 seems very reasonable for long term holding.

EuroStockOption

After a very nice bull run sinds the covid crash, currently in consolidation looking for new direction, the incoming earning report might be an important trigger. Game plan after ER: If trigger down, long entry around 600, cut loose if under 550; while targeting 1100+, start to take profits in tranches from 960 onward. If trigger up, seek short opportunity around...

EuroStockOption

Off the covid crash low we were 3 waves up before a correction began, currently retrace to around 0.786 fib. As long as 60 (the 0.5 fib) hold, I can see upside target 1.382 fib, which is ...surprise surprise... right at the ATH... struck in 2008 just before the GFC crash... All coincident aside, after 5 waves completion, a bigger degree of correction will occur,...