Spijk

Spijk

Following the IPO of Porsche in October, Volkswagen will propose a special dividend to its shareholders at the Extraordinary AGM on 16th of December. The special dividend is in the amount of 19.06 EUR per share (ordinary or preference). In my opinion this special dividend, in combination with Volkswagen's current valuation, is an excellent way to get some short...

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EURUSD has corrected rapidly in last couple of weeks to slightly above 1.04 now. This level coincides with some resistance levels, like the 200d MA and a fibonacci retracement level. Also, the RSI is around a level of 70, which may point to some resistance. Finally, there is also a (very) weak downward sloping trend line, but it's hard to consider this trendline...

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Since September Flow Traders has been forming a classic Head and Shoulders patters. Today it clearly broke the neckline. Based on classic H&S guidelines for price targets, the current rally could at least send the price to 22 euro. On a more fundamental side I think Flow Traders will profit from slightly higher volumes and wider spreads in markets they trade,...

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EUR/USD today clearly broke a downward sloping trend line which started earlier this year. Possible retracement rally to 1.04 over next couple of weeks, potential intersect with declining 200d MA.

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TSM stock price is fighting bad sentiment around about anything related to China. YTD the stock price has almost halved. Current valuation is very attractive for a long term investor looking for a company that, at least historically, provided very decent growth rates. Based on last quarter's EPS, current P/E ratio is lower than 10. That's amazing for a high growth...

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Today I take profit on my position in MRNA. I believe in the company long term, but short term uncertainties could provide a nice entry on a lower level. 1) It's close to the All time high set in February which could provide some resistance. 2) Earnings will be announced on the 5th of May and it's very uncertain what that will bring.

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Today I've added RDSA to my portfolio. As you can see on the chart I think RDSA is in an upward trend pattern since November 2020, and just tested the upward sloping support line. The bounce yesterday from this support line gives me confidence that RDSA will resume the uptrend. In addition, Q1 earnings should profit from the lift in oil prices which we saw in Q1...

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Yesterday I added QualComm NASDAQ:QCOM to my portfolio. I have several reasons for this: 1) technical picture looks bullish to me. First QCOM successfully tested the 38% Fibonacci retracement level on March 8th. Second, this happened simultaneously with a test of the 200 day MA. Third, on March 25th it set a higher bottom, after again testing the 200 day MA....

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Yesterday I added Luminar Technologies NASDAQ:LAZR to my portfolio. I had this stock on my watch for a couple of months, right after the merger with the SPAC and the share price took off. Yesterday LAZR published their first Quarterly earnings and provided a business update. In my opinion there were not really shocking information. On the other hand LAZR also...

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I recently added FinVolution NYSE:FINV to my portfolio. I wish I discovered this stock earlier, because in my opinion this stock has huge price potential. It is currently my largest holding in my portfolio. The company is a Chinese fintech company with a historical revenue CAGR of around 20%. The current P/E ratio is around 8/9, which makes this stock a bargain...

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Today I sold my shares in Volkswagen AG XETR:VOW3 after the last couple of weeks the share price surged. The share price surged on news that the company plans to build 6 battery factories by 2030 to secure battery demand for the ambitious EV plans that the company has. For now, I think the share price has reached a top around the resistance level of 260, which...

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I recently added Aston Martin Lagonda LSE:AML to my portfolio, after AML looked at bottoming out around 1900. The start of the new F1 season where Aston Martin starts as a branded team under Stroll's wings offers great amount of brand exposure. Aston Martin also shares the safety car and medical car for half of the season with Mercedes, which adds marketing...

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Randstad has succesfully tested the trendline from the tops in 2015 and 2017. The trendline acted as resistance at first, but became a support during the recent correction. Today, the earnings report is positively received by the market, so this provides a good entry for long positions.

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Last friday AMG fell through the upward sloping trendline. This triggered lower prices yesterday. Support can be found around a recent bottom @ 37, or near the 200 MA which also corresponds with a longer term trendline. Probably this last one.

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The DJI might see resistance at the 2.62 (rounded) Fibonacci extension level, drawn from the 2007 top and the 2009 bottom. This Fibonacci is around 26,500 so about 2% away from current levels. Also, the current levels seen on the MACD and RSI are extreme (overbought) levels in historical context. This suggests a high probability of a near term correction or...

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US Steel currently tests a long term trendline acting as resistance. This could lead to a short term correction, but the uptrend remains intact. To enter new long position, first wait for the price to clear the resistance (at closing prices). When holding long position you could take short term profit, and wait for a pullback to re-enter a long position. I would ...

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This is a classic example of a horizontal resistance that becomes a support after a breakout. Alcoa successfully completed a pullback tot the former resistance which has become a significant support now. In addition we can draw a upward trendline (support) under two bottoms. This upward trendline can act as support(stoploss) for the uptrend (long...

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The Euro seems to continue its uptrend after a consolidation pattern. I've drawn a steep support trendline after two recent higher bottoms. Long positions in EURUSD give an excellent risk/reward ratio when a stoploss is maintained just under the rising trendline.