So here is a trend, lets hope it will go as is
Unilever is in reverted head (h) and shoulders (s1 and s2), the neckline (n) has been broken and price is consolidating over the neckline. The first objective is o1, the second is o2.
if the daily close above the res line, buy and hold then wait for a break out at the all time high exit when it's a false breakout 75% partial if faces resistance at prev all time high High win prob. as the resistance level is clearly identified
The price just reach the investors lines again and all conditions are repected to trigger a buy. Trade at your own risk!
Unilever hsa decreased alot since november, more so then competitors. When looking at the YoY financial statement the decrease seems to be to large in my opinnion. As such we expect unilever to hit throught the resistance on 38. while market volatility is low (aexvix) i expect a rebounce before the market hits 475. This could result in unilever first bouncing back...
A negative pattern was formed on the weekly graph from October 15 to October 16, which led to a downward slope in the price. This price broke the upward sloping support line giving room to further drops in the price level. I would look for this to continue falling to the long-term support line around 36.5 (around fib 0.5). Unilever have come under pressure...
HINDUNILVR is ranging from 2015 and formed good descending triangle and we can notice that there are 3 touches by price on both the trendlines of triangle. Measure of Triangle is about 200 pts , So when we fix targets we can expect around 200pts and this is Medium term trade idea, so this can take time to breakout and trade can progress over few months after we...