Swissstocks
Buy opportunity - Kaufgelegenheit SIKA Jan/2020(German version below)
Hi guys
In my first post ever on here I'd like to show a possible long idea for SIKA.
In the next few days SIKA might have some buy opportunities at around CHF 174. Price targets for this long idea would be at CHF 185 for target #1 and CHF 195 at target #2.
Thanks very much for leaving a comment or feedback!
Hallo zusammen
In meinem ersten Post auf dieser Seite möchte ich euch eine Long Idee für SIKA zeigen.
SIKA könnte in den nächsten Tagen Kaufgelegenheiten im Preisbereich von CHF 174 bieten. Das erste Kursziel setze ich bei CHF 185 an, das zweite bei CHF 195.
Danke für eure Kommentare und Rückmeldungen!
SMI: Bullish extension for Swiss Stocks to 10,400.The Swiss market has broken above the Rising Wedge's resisting trend line (dashed) and may follow the 1W Channel Up pattern (RSI = 63.217, MACD = 177.900, Highs/Lows = 173.0836) which started in early May. Based on the RSI break out it has an upside potential to at least 10,400.
Keep in mind that this break out is part of a larger bullish move as we illustrated in May (see the chart below). The Swiss Market Index (SMI) has entered a new long term Bull Cycle after it broke above its 12 year Resistance last April:
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SMI: New bull market on Swiss stocks. Excellent buy opportunity.The Swiss Market Index broke past the 9,600 1M Resistance in April. This level has been rejecting any upside movements since 2007. This is a cyclical mega long term development as a new bull market is emerging. Since it has been trading within a long term Channel Up (RSI = 59.500, MACD = 210.200, Highs/Lows = 364.7764) with recurring bullish leg, we have no reason to believe that this will be discontinued. If the current bullish leg also lasts around 1430 days, then this puts the next Higher High around 12,500 by late 2022. Excellent long term investment opportunity on Swiss stocks.
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Comments and likes are greatly appreciated.