SQ is coming out of a long phase of base building that has lasted several years and has repeatedly failed at resistance around the 90 dollar mark. The stock is now at precisely this level, which coincides with the AVWAP from the ATH. It is questionable whether the share can hold above this level or fall below it again.
I see a lot of people on social media claiming that Volkswagen is now a good buy because the stock is undervalued, because the government will intervene, because it's not all that bad, and so on.
However, if you take a look at the weekly chart with the most basic tools, you will notice that the share is currently not sending any signs that indicate an imminent...
ZAL has been in a downtrend for years. With AVWAP anchored to ATH we cleary see that sellers haven been in control until now. With a pattern of higher highs and higher lows the price moved above a rising 30 week SMA and broke above ATH AVWAP. A further catalyst could be the announcement that ZAL want to acquire its competitor YOU for 6,5 € per share. If the...
