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Meyer Burger Rejection, 1 CHF or a 40% retrace?!MBTN recently rejected a few levels. Yearly horizontal, 0.236 Fib and the "local" monthly combined were acting as a huge resistance. Combined with the massive run since March 2020 Crash, a retrace made sense and is healthy. A retrace to 0.25 Chf would make sense, that's where I initially entered the trade and also bought Call Options. Although it would make sense technically, a 40% retrace seems unlikely to me in the current environment with green energy, MBTN's new business plan and ambitions. If I was looking for an entry into MBTN, I'd observe the latest resistance I lined out above. Once claimed, it can see a healthy run up to 0.66 (Key-Resistance/Support) and up to 1 Chf which is the Golden Pocket pulled from the last high. The trend remains bullish, no need to think otherwise until proven wrong.
SIX:MBTNLong
by CrossLevMaster
1
Roche reversalRoche making higher lows inside a descending broadening wedgem, while showing signs of accumulation with a sell wall at 326.85$. The bullish engulfing candles on Jan 11 and the Marubozu on Feb 4 show that the demand for this asset is high at the previous Peak back in December 2014. The fact that there is also MACD hidden bullish divergence on the daily and the monthly strengthens the argument for a reversal and a break out of this structure in the coming weeks or months.
SIX:ROGLong
by luyestefan
Swiss National Bank (SNBN)It is like holding a risk-free of default US equity market fund denominated in CHF with a total return of 0.3%. It's an interesting business: print money and buy stocks. As at 31 December 2020, the key asset allocation data for the foreign exchange reserves and the Swiss franc bond investment portfolio were as follows: USD 36%, EUR 40%, JPY 8%, GBP 6%. Their last reported 13F filing for Q3 2020 included $127,874,338,000 in managed 13F securities and a top 10 holdings concentration of 24.15%. Swiss National Bank's largest holding is Apple Inc. with shares held of 67,699,096. Equities are managed on a purely passive basis, whereby broad market indices of advanced and emerging economies are replicated. Exchange rate and interest rate risks are managed using derivative instruments such as interest rate swaps, interest rate futures, forward foreign exchange transactions and foreign exchange options. In addition, futures on equity indices are used to manage the equity investments.
SIX:SNBNLong
by mgiuliani
3
RLF - Worth a buy?RLF seemingly had a very volatile few months, which is not unlikely for penny stocks. The recent pullback could offer some decent entry levels for the brave however. Technically we're looking at a sharp gap lower at the end of the year with a subsequent rebound that recovered around 75% of the losses so far. Trading volume and volatility have decreased drastically since and the recent small gap higher on positive momentum looks promising. The 0.30 level seems to form a support level, next resistance is at 0.3375 and then at 0.35 (i.e. the trading level before the new year drop off). Any positions engaged now would require the stock to surpass the resistance by quite a margin to have a worthwhile risk-reward ratio. I will be looking at a small position with a tight SL in the 0.275 area and subsequently raise the bar if the stock moves higher. Buy Limit 0.3050, GTD SL 0.2750 Take Profit 0.3900
SIX:RLFLong
by SLRK
2
SREN.vx bullish scenario:SREN.vx bullish scenario: We have technical figure Channel Down in Swiss company Swiss Reinsurance Company Ltd (SREN.vx) at daily chart. Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zurich, Switzerland. It is the world's second-largest reinsurer. Founded in 1863, Swiss Re operates through offices in more than 25 countries. Swiss Re was ranked 118th in Forbes 2000 Global leading companies 2016. It was also ranked 313th in Fortune Global 500 in 2015. The Channel Down has broken through the resistance line at 03/11/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 13 days towards 73.10 CHF. Our stop loss order should be placed at 62.22 CHF if we decide to enter this position. FUNDAMENTALS - Swiss Re and carmaker Daimler announced a joint automotive and mobility insurance venture on Monday, seeking to tap into a wealth of new data generated by highly automated vehicles to help insurers to calculate risk.
SIX:SREN
by greenforexsig1