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Sanofi consolidates, new bullish trend in 2022I expect the price of Sanofi to carry on falling inside the descending channel, especially if global market consolidates due to rising inflation fears. Sanofi has not been able to produce a covid vaccine and is just starting phase I/II trials for a second vaccine candidate which leaves the near future a bit blurry and may keep investors away. Once the price has reached the bottom of the horizontal range (64 EUR) I expect a reversal for a new bullish trend towards 95EUR by end of 2022.
EURONEXT:SAN
by Jeff_Trad
Arcelor mittal (MT) back in old channelHi, Arcelor Mittal doubled from 10 to 20 in less than 4 months. The strong uptrend didn't make any correction, till it reached the upperband of the channel that is used to trade in. From that point it corrected perfectly fine to a decent Fibonacci level. What we see right now is that it seems to have bottomed at 16.85 levels. The DRSI looks oversold and the on balance volume is still moving upwards. MACD looks perfectly fine, which makes a trade possible. Entry: 16.85 - 17.88 Target: 21.50 Stoploss: 16.30
EURONEXT:MTLong
by Mouzy92
2
Consolidation carries on in 2021, Growth in 2022I expect the price will carry on inside the descending channel in 2021 as the french market may soon face headwinds (rising inflation, rising treasury yields, global consolidation after long bullish trend). In addition Orange also recons difficulties ahead in 2021 to generate free cashflows, a situation likely to improve in 2022 according to the management. 2022 should also see the news feed improve (merger with Deutsch Telecom, IPO of telecom towers, development in Africa). Conditions will be better then to initiate a new growth on a rock solid basis (decade long support trendline). Let me know what you think of this in comment.
EURONEXT:ORA
by Jeff_Trad
Medium risk opportunity ON VALBIOTIS!!On this unit of time, has the underlying uptrend run out of steam or is it lacking in power? The short term does not yet offer any information that would allow anticipating a resumption of the bullish movement or a correction. The hand is generally with the buyers even if a small correction (not treatable) on the support located at 6.63 EUR remains possible. You should trade VALBIOTIS with the greatest caution, while favoring long positions (to buy) as long as the price remains well above 6.63 EUR. The next bullish target for buyers is set at 7.72 EUR. A bullish breakout of this resistance would revive the bullish momentum. Buyers could then aim for resistance at 8.12 EUR. In the event of a breach, the next objective would be the resistance located at 8.50 EUR. In case of a downside breakout of the support located at 6.63 EUR we invite you to generate a new automatic technical analysis. Indeed, the conditions should have evolved. The price should certainly be more clearly bearish in the short term and the underlying uptrend in this unit of time would certainly be attenuated.
EURONEXT:ALVAL
by Ayoub450
Sexy Price Action My elected setup showed up again and here I am to follow my rules and trust my edge. In this chart, I like particularlly the sexy price action change footprint. These two last bullish candles, lastest of which making a 31 bar high (wait for closure - I'm in a rush for Friday night beers, only entering next candly if things remain as is), have a profile drastically different form the past 30 candles. The bears had few or none interest in selling during the 58 day consolidation preceding this breakout. Plus, the bulls, in command, are awaken again. Analysis: 1. Stock in a uptrend - trading above 50 & just brokern out 200MA.We are hence looking for long opportunities; 2. Price close to a value zone - 50 MA. Now we have a reference to set our stoploss. 3. Trigger is this last big bullish candle breaking out a wedge pattern formed by the last 48 candles. Note: I would prefer of course a 50 MA slopping upwards more proeminently, but price action is is promising. Usual trade management + risk management rules. SYSTEM AVAILABLE @ easy-trades.blogspot.com Cheers, RR
EURONEXT:RUILong
by ruben_rodrigues
AB INBEV - Make it or break itAB INBEV is at a major resistance level. Following on a strike of major daily returns, technicals indicate a potential break of the resistance level. RSI index however, seems to indicate that the stock is about to break down. Additionally, fundamentals are still not strong enough to sustain a break. This is a stock with long-term potential, however, i guess a decrease to the price level of 46 is the most likely short-term scenario. However, keep an eye on the upside!
EURONEXT:ABIShort
by HR_D