motleifaul

motleifaul Updated 

A 9 months bottom building was followed by a stormy rise and almost tripled prices. This rise was to fast and could not digested by the market, i.e. it was followed by an also fast retracement down. Now the market may be in an equilibrium and we can have a closer look to the long term picture. Since 2014 the stock has lost over 97 % of its value. From a...

motleifaul Updated 

Today's spike led us back into the trading range that had prevailed since September. It may be a sign of a bottom at the end of December.

motleifaul Updated 

The bulls seem to have not the power to bring the stock back up and to close the window of June 5th. The support zone seems to halt. It is a very strong one lasting since March.

motleifaul Updated 

We have reached anmimportant support zone reaching from 27th April till May 8th. I think that we shall stop here and gom for an upward retracement.

motleifaul

We are within a resistance range that is as old as 5 years. It has been confirmed impressively in February 2024 again. Perhaps we will test these high again within the next weeks. But I oubt that we may decisive exceed the 230-240 level as this resistance is very strong and even stronger due to the 2024 Fibonacci extension. The top on Wednesday could no be...

motleifaul Updated 

We have exceeded the high of this year today. I am taking the andopened a window. As far as themomentum remains high I ampreferring the long sinde now.

motleifaul Updated 

I don't know yet. There is a big open window above us. It means that there was a big bearish momentum but it has been neutralized yesterday already. The harami today is indicating that this may become an Island Reversal with some upward potential. Whether this will become a real retracement of the April rise is not sure of course but a close of the window is...

motleifaul

The mid December bear run has been upward corrected sufficiently now. The declining lower band indicates a loss of momentum of this corrective movement. May be we want to see lower prices now. Bears still ruling the market. The January high may be seen as the pivot point.

motleifaul Updated 

Did not expect this deep fall today. But as the momentum is still high I don't think that the decline is over already. There are some fine targets waiting to be reached lower. The mood is bearish anyway.

motleifaul Updated 

The long red candle indicates an overbought market. Despite the good economic results no new highs could be reached and the week showed beginning profit taking. Most of the market participiants are long and convonced of the good results. They are right and many of them are sitting on good profits. The more profit taking will come in here they will be thinking of...

motleifaul Updated 

The declinesince October seems to be over for now. Past week we had nonew low and the new attempt to fall past week could not be continued. This may be the beginning of a correction of the decline since February at least.

motleifaul

Already on May 12th we had left the trading range since 23rd April but then the price has fluctuated around the outbreak level. After the last backtest of the upper band of the edge it seems that we can go ahead now. As we could not fall back into the range we seem to get momentum now. A new high would confirm the willingness of the market to try to correct the...

motleifaul Updated 

Today the stock tried again to get a new top - successfully. But the top has been sold immediately! This week we have seen 3 windows. All of them are still open. This jumping from window to window shows an overaware market, perhaps artificial(AI!) pumping. The sale of the recent top is confirming my view. I am selling.

motleifaul Updated 

Even if this will not look like a shooting Star at the Friday close there is a window at 177,67 to be closed. So if this will be done the mood will look bearish anyway. The fast rise from the 2nd April week until now needs a healthy correction if an upward trend shall continue.

motleifaul Updated 

1 1/2 month we have risen only. The last weekly candle has opened a window. As we have reached a perfect Fibonacci retracement level of 50% it may be not wrong to bet on a downward correction to close the window.

motleifaul Updated 

It is the 4th week of bottom building and after the healthy new declining attempt we got a fine rise this week confirming the update mood.

motleifaul

Having taken the profit of the long position I had opened 4 weeks ago I am turning my my view to the downside now. On April 30thwe've got a fine wide window which has to be closed. On April 23rd there was another window which confirms the importance of this level.

motleifaul Updated 

It looked like a beginning bottom already yesterday. Today's candle body forcing into the previous one seems to confirm the bottom. This is the more that today's candle has a long wick, i.e. that the attempt to fall and remain under yesterday's candle body has failed.