Entry conditions: (i) higher share price for ASX:RMS above the level of the potential outside week noted on 30th August (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $2.20, as depicted by the blue dotted line and accompanying text on the...
Luxury goods giant Hermès International (RMS) is testing its mettle against a key resistance level on the three-month price chart. Currently trading at $2,387, the stock has reached a critical juncture, prompting to question whether a breakout or a pullback is more likely. The resistance level in question represents a three-month trend line, acting as a barrier...
Hermes, showing bullish divergence on RSI. Has put in a double bottom and bounced off a trendline that's been in place since 2018. Tight stop at 1032 making for nice risk to reward with first TP at 1295 and second at 1550.
Classical play here. End of the 5 wave ride, now zigzagging. This is accompanied by a divergence, dropping momentum and sloped downward moves. Goodluck out there! We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci...
RMS breakout with target market on the change RMS broke out on decent volume. Looking for a move above the "level" and then to see if it uses that same level as support. this will be confirmation. The next level is the target that is marked on the chart and a potential profit taking zone for short term traders.
The large uptrend line can be duplicated to see all other parallel levels where the market have found support/resistance. The price have then been ranging horizontally, after having broken this large uptrend line. Now it is time to consider the probability of seeing the market price fall a bit. The break of the lower part of the rectangles will validate that...
We are still in bear trend, confirmed with the bear flag, buyers are looking weak, we may go for new low. Important to wait for confirmation !!
FX:EURAUD with potential drop of 240 pips from cmp (1.63820) our analysis expects a reversal around 1.61384 with SL at 1.61033 and two potential targets with RR 2:1 & 3:1 Note: Please Consult Your Financial Advisor Before Taking Any Decision Always risk 1% of account size per trade, adjust the position size accordingly