UN01The overall view is very neutral. This stock is in Stage 4 or end of Stage 4 decline. There is a negative divergence on the daily and weekly.
4UN trade ideas
Uniper - Descending Broadening WedgeDescending Broadening Wedge pattern mid-term targets:
1) 5.6
2) 6,5
3) 11
BAILOUTToday German Government will probably agreed over bailout package to take 25-30% direct equity stake + 8 billion euro financing to support Uniper.
Should we see a bottom? Who knows, surely weekly close can give us an hint.
Dominos starting to fall....in Germany. Uniper collapses after market. Company is in talks with the German government about liquidity measures.
Yet another nice channelEven though I don't like to enter in the middle of a movement, here we have the chance for a good spike to the top.
I will enter my position right now, only a small one, since we are in the middle of a movement. But I don't want to miss this one.
I will only take one swing so far.
