ING Groep About to Drop? ING Groep
Short Term - We look to Sell at 9.90 (stop at 10.24)
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 10.00, resulting in improved risk/reward. Trading close to the psychological 10.00 level. Price action is forming a bearish flag which has a bias to break to the downside. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 8.24 and 7.45
Resistance: 10.00 / 11.00 / 13.50
Support: 9.00 / 8.00 / 7.25
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Euronav NV (EURN)Euronav is an international shipping enterprise which focuses on oil transport by sea. On 7 April 2022 there was announced a merger between Euronav and Frontline Ltd. pending regulatory approval and ironing out of the last details. The combination would be based on an exchange ratio of 1.45 shares in Frontline for every Euronav share. Euronav shareholders would own 59% of the merged entity and Frontline shareholders 41%. The merged company would have a market cap of $4.2bn based on 6 April market values and a fleet of 69 VLCC and 57 Suezmax vessels, and 20 LR2/Aframax vessels.
Danone S.A (BN.pa) bullish scenario:The technical figure Triangle can be found in the French company Danone S.A (BN.pa) at daily chart. Danone S.A. is a multinational food-products corporation based in Paris and founded in Barcelona, Spain. It is listed on Euronext Paris where it is a component of the CAC 40 stock market index. Some of the company's products are branded Dannon in the United States. As of 2018, Danone sold products in 120 markets, and had sales in 2018 of €24.65 billion. In the first half of 2018, 29% of sales came from specialized nutritional preparations, 19% came from branded bottled water, and 52% came from dairy and plant-based products. The Triangle has broken through the resistance line on 08/04/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 10 days towards 53.75 EUR. Your stop-loss order according to experts should be placed at 49.47 EUR if you decide to enter this position.
French food group Danone said on Tuesday that "all options are on the table" regarding its business in Russia and that there was no decision at this stage to exit the country. This was after a source close to the matter said Danone was looking at possible ways of withdrawing from Russia, as the West prepared new sanctions on Moscow after dead civilians were found lining the streets of a Ukrainian town seized from Russian invaders.The company earned about 5% of its revenues in Russia in 2021 and less than 1% in Ukraine.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BNP Paribas Bounce? BNP Paribas
Short Term - We look to Buy at 46.81 (stop at 45.50)
We look to buy dips. Although we remain bearish overall, a correction is possible without impacting the trend lower. Previous support located at 47.00. We look for a temporary move higher.
Our profit targets will be 50.19 and 53.18
Resistance: 55.00 / 60.00 / 68.00
Support: 47.00 / 38.00 / 30.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
GLPG.BR completing 3rd wave up off the Dec lowTLDR: targeting 80 if next pull back holds 56.
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Galapagos has gained more than 50% nominally off the Dec '21 low, in a three waves structure.
While running into the 1.618 extension of the green circle i-ii, the technicals are becoming overbought.
With the next earning report within a month, it seems wise to take some profits off the tabel.
Further more, the 65 region also happens to be near:
- an important volume wedge on the weekly ~68 EUR;
- the orange 2.0-2.618 extension, a typical target range for the impulsive subwave v of circle iii;
- the 0.236 retracement of the higher degree correction started in Feb 2020, before the covid crash;
Therefor resistance is expected, a pull back could be starting soon.
Assuming we are topping somewhere between the green 1.618-1.764 extension, ideally the pull back holds above 57-58 region as circle iv to jump start circle v targeting 80 region.
A drop under 56 will be the first warning that this rally is topped in three waves, while dropping under 52 will have me reconsider whether there is any bullish potential left in the near term.
Bigger picture (monthly chart: )
Off the ATH struct in Feb '20, GLPG has corrected more than 80% nominally, but when putting it in logarithmic perspective, it was merely a 0.382 retracement after a phenomenal run from 2.74 to 250.9, almost 100x in 12 years. The long term trend line has never been violated, and the monthly technicals are trying to turn upward again.
Now that we are back to a make-or-break level like the dips in 2011 and 2014, the stop limit to the down side is clearly defined while the potential upside is still beyond imagination.
A hard stop should be placed just under 44, as given the tiny volume in between, the next long term support will likely not be found until 0.618 retracement ~15 EUR.
Conclusion: with 0.382 retracement from ATH ~45 EUR as long term support, maintaining immediate bullish bias as long as next pull back holds above 56.
Takeaway (TKWY) bullish scenario:The technical figure Triangle can be found in the Dutch company Just Eat Takeaway.com N.V. (TKWY.as) at daily chart. Just Eat Takeaway.com N.V. is a Dutch multinational online food ordering and delivery company based in Amsterdam, Netherlands. It is the parent company of brands including Takeaway.com, Just Eat, SkipTheDishes, Grubhub, and Menulog. Just Eat Takeaway operate various food ordering and delivery platforms, where customers can order food online from restaurants’ menus, and have it delivered by restaurant or company couriers directly to their home or workplace using an app or website. The Triangle has broken through the resistance line on 02/04/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 7 days towards 40.000 EUR. Your stop-loss order according to experts should be placed at 30.705 EUR if you decide to enter this position.
Just Eat Takeaway.com N.V. and McDonald's Corp have entered into a global strategic partnership to support the McDelivery business. The financial terms of the arrangement were not disclosed. Just Eat Takeaway.com's geographic coverage, food-delivery marketplace, and 500,000 couriers worldwide support its delivery partners, such as McDonald's. The partnership will elevate local partnerships between the parties, reducing complexity to innovate at scale and improve operational efficiency.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Failed wave to the downside indicates a new move to the upside!We have a beautiful bullish setup! Market tried to continue to the downside, but failed! Then made a new higher high and now its time to jump on the new upmove!
Channel breakout TKWY EURONEXT:TKWY
Waiting for further confirmation…. I am curious, what is your sentiment, bullish/bearish?
This is no financial advice…
AKZA to 85+AKZA has a Return On Assets of 5.97%. This is comparable to the industry average of 5.64%.
SOLVAY GOING DOWN??SOLVAY broke it's trading range with rising volume of the sellers.
Let's see where this take's us.
Renault to Go Low? Renault - Short Term - We look to Sell at 25.49 (stop at 26.70)
Price action is forming a bearish flag which has a bias to break to the downside. Bespoke resistance is located at 25.50. Our overall sentiment remains bearish looking for lower levels. The bias is still for lower levels and we look for any gains to be limited. We look to sell rallies.
Our profit targets will be 21.22 and 19.51
Resistance: 25.50 / 29.00 / 35.00
Support: 21.00 / 20.00 / 15.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Alfen ShortPrice got rejected by strong area of reistance. In order to achieve these level we could see a pullback to reattack resistance. The same scenario can be seen in the S&P 500.
Melexis getting back up after confirmed break-out??Next resistance at 88euro for MELEXIS.
Outlook looks good due to the chip shortage.
MC, LVMH,CAC40 [be prepare to short] Moët Hennessy Louis Vuitton MC be prepare to sell this action from your portfolio
Careful LONG GLPGI've been following this tock for quit some time. Seeing it fall and many people calling to go LONG, only to fall even further. The cash position alone equals 80 share price. Fundamental Mumbo Jumbo. The chart had much more downside to go.
Now we have a potential bottom forming. The RSI is oversold on the Weekly & monthly levels & looks to tackle the Averages. Altough it did break an important level, this might be 'overextending' and will return soon.
This is still too early to call BULL. But I'm liking the setup so far. This is BIOTECH so very volatile. I don't see the company going bankrupt. I like to buy low so when the RSI on weekly & monthly are this low it sparks my intrest.
The stock can still go lower perhaps to 33 the previous lows.
I think the key indicators will be:
* Breaking above resitence
* breaking above the 200 dMA AND staying above it.
* GLPG must trade and stay above 60
* Moving averages must point to a bull market: 21 - 50 - 100 - 200 (whilest today it is in reverse = bear market)
T1: 82
T2: 98
T3: 150
The choice is yours.. :)
ASML BARR Bump & Run Reversal1D Chart: Normal candle.
On the day we look at the course of the Bump & Run compared to the previous TA. ( )
This is because we are on the verge of claiming or being rejected as the price is now on the “Lead-In line”.
This Friday will probably play a role in that, if the bulls really claim this, the RUN can be used.
What is also interesting on the day chart? Is that when the EMA crosses 26 on the EMA 50 a Mini Golden Cross occurs which is the beginning of bullish momentum. Of course, the EMA 50 on the 200 is the intersection that is an extra confirmation on that.
4H chart: Normal candle
On the 4 hour chart we zoom in on the Broadening Descending Wedge which has more or less put us on the Lead-In line of the bigger picture. The price is still above the old neckline of the previous M pattern and I would like to see the bulls claim this zone (as indicated on the day) to be able to move further up. What worries me a bit is the gap that is a lot lower and is also beyond the Golden Pocket. Also keep an eye on that scenario because in the MACD indicator we see that a downward crossing has been made, this can be temporary but I would like to add.
I also share the 4H chart: in Heikin ashi which I often find gives a calmer picture.
ASML BARR + Broadening descending wedge1D Chart: Normal candle.
On the day we look at the course of the Bump & Run compared to the previous TA. ( )
This is because we are on the verge of claiming or being rejected as the price is now on the “Lead-In line”.
This Friday will probably play a role in that, if the bulls really claim this, the RUN can be used.
What is also interesting on the day chart? Is that when the EMA crosses 26 on the EMA 50 a Mini Golden Cross occurs which is the beginning of bullish momentum. Of course, the EMA 50 on the 200 is the intersection that is an extra confirmation on that.
4H chart: Normal candle
On the 4 hour chart we zoom in on the Broadening Descending Wedge which has more or less put us on the Lead-In line of the bigger picture. The price is still above the old neckline of the previous M pattern and I would like to see the bulls claim this zone (as indicated on the day) to be able to move further up. What worries me a bit is the gap that is a lot lower and is also beyond the Golden Pocket. Also keep an eye on that scenario because in the MACD indicator we see that a downward crossing has been made, this can be temporary but I would like to add.
I also share the 4H chart: in Heikin ashi which I often find gives a calmer picture.
Veolia to return to ATHVeolia has completed it's takeover of SUEZ now to become one of the largest companies of it's type in the world, results for 2021 have just been released so this post is really to focus on the recent drop in price and and the results that have followed after that.
Veolia recently had an ATH of around 33 euro, before it's earnings the war in Ukraine started and obviously investors got spooked and there was a sell off.
Veolia has hedged very well against fuel prices so there is no impact for that side of the business at the moment, also because they are a net supplier of energy their income has actually gone up. Coupled with that is the rise in prices for recycled material and cost savings that have been completed ahead of schedule. All of this has given a very rosy picture to the earnings.
2020 2021
Revenue 26Bn 28.5Bn
Debt 13.2Bn 9.5Bn
Dividend .70 1.00
Net income 381m 985m
Efficiencys +382m
Hard to see how the figures could have gone any better really, expected another 500m in cost savings this year due to synergies between SUEZ and Veolia, plus the revenue already generated by SUEZ and next years results should see Veolia go over a billion in net income with relative ease.
I see these results as great indicators for 2022 and the statements from Antoine Frerot are very bullish for the year ahead and the completion of 'Impact 2023'.
I see a return to 33 euro in the next couple of months and a push on to the mid to high 30s by EOY. Of course the war in Ukraine has an influence on every price action at the moment but in a strange way this may not do Veolia any harm as they are in the business of trying to provide independent energy to cities through their waste and energy segments.
Happy trading everyone and remember I am not a financial adviser so do your own DD.
EXMAR GOING ALL THE WAY UP?Due to the economic switch to LNG will EXMAR rise again?
First contract for their tanker has been signed for 5 years.
