Nestle: 5th wave higher just startedI am long, bought yesterday. Expecting the 5th wave to be in the making. If 80 chf breaks lower i will close, then it will probably make some kind of more complex structure.
There is a nice risk:reward in this position, plus i like the fundamental situation around Nestle. I had some good reads about it, also Goldman, UBS, Kepler, Citi all have targets above 90 chf on a midterm horizont for Nestle.
Of course there is nothing sure in this markets thats why i am always securing my positions with a stop. Sometimes the best setups just turn and become a loser.
TRIANGLE formed on ROCHEThe price brakes the formed triangle on ROCHE HOLDING (#ROGZ) - minimal target shown on chart.
ARBITRAGE SELL NESTLE BUY KELLOGPOTENTIAL CONVERGENCE BET .
KELLOG PE - 20 ; NESTLE PE 26
TIME HORIZONT 4-5 MONTHS
UHR - at support - setting up for the next run upLooking for a pullback to 370.- Area or trend line bounce. Target in the 490.00ish Zone.
Ascending ChanelThe stock have been making a beautiful channel since 2013. Now is in the top of the channel and the Fibonacci retracement point. With this two signal we should go short, with a target price around 80$
Swisscom AG (SCMN)Swisscom has just paid the dividend of 22.00 CHF per share, with a year yeld of 5.00%.
The share is near the multi-year support at 430.00 CHF.
Key area on SGSThere is key resistance area on SGS and harmonic pattern. Pattern isn't very good this time because the journey from C to D was very bouncy. Look for reversal and targets to hit B or break out up through resistance to target highs near 2000.
edit: You can choose lower X-point for the pattern and draw bearish butterfly with prz lining up with the same area.
