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MERCEDES-BENZ Long IDEA The stock seems to have support here with a developing cup & handle patten which will target gap close at 61.40 Bullish MACD crossover Buyzone: 57-56 Stoploss: 55 A **Cup and Handle** pattern is a technical chart pattern that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. This pattern is considered a bullish signal, extending an uptrend, and is used to spot opportunities to go long. Here are some key points to consider when detecting cup and handle patterns: - **Length**: Cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with sharp "V" bottoms. - **Depth**: The cup should not be overly deep. Also, handles should form in the top half of the cup pattern. - **Volume**: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high. The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis, "How to Make Money in Stocks". The full pattern is complete when price breaks out of this consolidation in the direction of the cup's advance. The price will likely continue in that direction though conservative traders may look for additional confirmation.
XETR:MBGLong
by Trader-Dan
Bayer: Down the hatch! 🍺After Bayer's stock recently tried to break through the support level of €39.91, it has now made another attempt. Whether the stock succeeds in sustainably breaking below this support level - as envisaged in our primary scenario - or whether it needs further impetus in the form of a corrective upward move is irrelevant for the further course of our expectations. We therefore fully expect a sell-off below this level, as we expect the low of the major wave (II) correction underway since 2015 to be around the 78.60 retracement at €30.84. Only once this low is in place do we see Bayer shares making sustainable gains again.
XETR:BAYNShort
by MarketIntel
1
$BMW on spike with reverse cup and handle.The red line indicates a good resistance spot confirmed by monthly price movements. The arc represents the reverse cup and handle that formed in the daily chart. After a wild downwards move BMW came to a good retest area of the this resistance. A good SHORT position is what i expect. On the other hand this area showed bounces in the past too so it wouldn't be surprising if we see a reversal. But mainly my expectations is within the SHORT side.
XETR:BMWShort
by KaanUralAksu
1
SAP vs. MSFTXETR:SAP shows a strong correlation to NASDAQ:MSFT , which on the surface is not very surprising. But comparing fundamental data and the general company profile can lead to some raised eyebrows. In my view NASDAQ:MSFT appears to be a much stronger company, which should have little problems capitalizing on the current AI hype for growth and also overall has a much more ubiquitous product portfolio. Meanwhile, the ongoing strength in the chart of XETR:SAP appears perplexing and one cannot help but wonder what are the fundamental catalysts for these moves are. My assumption is that SAP is currently simply riding the wave as perceived similarity to MSFT. While SAP has a higher dividend yield it shows much less potential for future growth. Its P/E ratio also appears quite exaggerated. I believe the similarity to MSFT is only skin deep. Unless something fundamentally changes, my hypothesis is that we are due for a correction in $XETR:SAP. Now the RSI on the daily chart indicates overbought conditions, so we can use this opportunity to initiate a medium term short trade. It will be difficult to get the timing right for an put options trade, but we can enter in increments if the trade starts going against us. First price target for taking profits is 120 with a expiration date before earnings in January 2024. If you want to hedge the risk, you could also buy MSFT calls to cover the upside potential.
XETR:SAPShort
by bratenzwerg
2
RHM | Command and Conquer | 1 Buy scenarioOverview Rheinmetall had a great run specially fueled by the war in Ukraine. With an additional crisis forming in the Middle East i can see the price going further up. From a chart point we see that the current resistance (100% Fib Line) was 2 times pierced (yellow circle) but price never really broke it. The Buy zone is based on the confluence of the 50% Fib level and an already engulfed (blue circle) support level that lead to the current ATH / Swinghigh. Target 1: The First big resistance level (S/R Level 1) which stopped this really for quite some time. I would close 50% of the position here. Target 2: Slightly below the former Swinghigh / ATH. The remaining 50% of the position would be closed here Stop- Loss: None (Long- term- holding Invalidation: Price always stay above the buy zone Good luck Disclaimer: - This information does not constitute as financial advice and is only for entertainment purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh
XETR:RHMLong
by a_tale_of_bulls_and_bears
WCH | The chemistry matters | 2 buy scenariosThis is the my second trade idea regarding Wacker Chemie AG (WCH). After the first idea gave a nice ~ +27% gain and as WCH is currently in a strong downtrend, looking for zones to open a new position. Overview WCH is stuck in a range (This is the monthly chart). Breakouts of the range (yellow circles) on either site leads to price moving to the opposite side and usually a retest / fake- out. Scenario 1 (Orange arrow) Requirements : Price falls down to the buy zone (green area). Breaks below the bottom of the range and retakes it. Stop- Loss: None Invalidation: Price breaks below bottom range but doenst retake it Target: Slightly below S/R Level 1 Scenario 2 (Blue arrow) Requirements: Price falls into the buy zone(green area). Generates a reaction (Swinghigh). Price drops but stays above the buy zone. Price Stop- Loss: Price closes on the the monthly below the bottom range Invalidation: Price breaks below bottom range but doenst retake it Target: Slightly below S/R Level 1 Good luck ]Disclaimer: - This information does not constitute as financial advice and is only for entertainment purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh
XETR:WCHLong
by a_tale_of_bulls_and_bears
1.2&1.2 Or Diagonal !Greetings, dear friends. I hope you are having a productive week. With the completion of Wave 1, it's crucial to determine the expected correction percentage for Wave 2. Remember, the strength of Wave 3 is highly dependent on the accuracy of our predictions. Let's make sure we get this right. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
TRADEGATE:TL0Long
by Mehdi_Abbasi_EWP
Duerr: BnR after prognosis cut After the cut of the 2024 prognosis the share price drop significantly. The pattern has all characteristics of a BnR and the 20th October candle is almost an hammer. We see a drop equal to two times the width of the lead in channel. The important low of 2022 was broken within day but not on a daily basis. So we may see either a quick V-shape rebound (black) or no or a small rebound to the upper bound of the third channel with a retest of the lower channel bound. In that case the resistance at 18 € is important. if the channel breaks the next resistance, the covid low is almost another channel width away.
XETR:DUE
by NDD46