Meyer Burger Technology AG | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Meyer Burger Technology AG
- Double Formation
* (Neckline) | Completed Survey Condition
* 012345 | Wave Count | Subdivision 1
- Triple Formation
* 3.8000 CHF | Area Of Value | Subdiv
Some good news keeping Meyer Burger afloatWe had some good news from the US both for the production sites but also a new big contract!
We "can´t" go lower than that and that´s why I believe we will go up from here but there are two level that are crucial and price needs to go past them.
I can´t really make a new bullish count yet - wait for
Do or die for Meyer Burger!Meyer Burger has faced an enormous uphill battle ever since the shift from being a company known for manufacturing machines for solar panel production (and more...) to combining everything under one roof and sell mainly solar panels.
The market reacted very positive to begin with but huge inflow fro
Meyer Burger Update to previous chart.ADDITION TO MAIN PUBLICATION, LINKED ON THE BOTTOM.
As said before, the trend remains bullish. We found a good support on the Weekly combined with the middle of the Uptrend Channel since march 2020.
Trend remains bullish as of now.
Retest of the Monthly at 0.458 would now make sense.
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
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Displays a symbol's price movements over previous years to identify recurring trends.