According to my models, Zalando is undervalued, oversold and technically close to the points where we can expect a reversal.
I open a long position at this point.
Not investment advice.
Considering 50MA and 200MAs, it is possible to see a Golden Cross where 50MA passes the 200MA in a few weeks.
This is just a possibility as the consolidation was great at these levels and if this is the bottom. May happen or not.
If the SP dips again below 50MA, I may consider opening a position, also considering it is a very long term play.
If that is the case, I...
Apart from all the politics and fundamentals, technical set up shows that 50MA crossed the 200MA and a Golden Cross occured.
This "can be" the start of another bullish trend IMO.
I like Xiaomi products and use them extensively. They improved the quality over the past years.
I think they still have much room to climb. In general I am very positive about the...
50MA crosses the 200MA and sets up a Golden Cross pattern.
It is possible that an upwards trend can start from these levels.
Of course, this is just one indicator.
I recommend you to take into account other indicators as well and doing your own research.
Not an investment advice. These are just my opinions on the probability.
If we look at 200/50 MAs and RSI, it is possible that a curved shape occurs with the SP and it can be that 50MA crosses the 200MA for a bullish set up in a few weeks.
Then it is possible testing the recent highs again.
Of course, this is just one indicator. Overall market sentiment and fundamentals should support this thesis.
I wouldn't invest just looking at the...
After a bit of correction and going down to sub $9 last week, buy side was more powerful Friday afternoon, and the SP climbed above $9.50... $10 is a first level resistance point, but once it is achieved, we can expect the SP to run towards $11.80... Support would be around $8.80 but considering the earnings was moved 2 weeks earlier (which may be a good sign),...
