Buy opportunity: Continental (CON), wait for MACD buy signal
CON
had a huge drop recently. As a result RSI is in the oversold zone, and MACD will give buy signal soon.
P/E RATIO: 10.30 (considered low comparing to DAX index average P/E ratio)
Entry strategy: wait for bullish candle which cross the 163 price. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.
SL: 152 (-6.7%)
TP: 181 (+11%)
P/E RATIO: 10.30 (considered low comparing to DAX index average P/E ratio)
Entry strategy: wait for bullish candle which cross the 163 price. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.
SL: 152 (-6.7%)
TP: 181 (+11%)
Commentaire:
Possible double bottom pattern is forming. Wait for bullish confirmation candle before opening the trade.
Commentaire:
Still waiting for a bullish candle which can cross the entry level.
Ordre annulé:
Price hasn't reached entry level. Idea became invalid.
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Thank you for your support and may the markets be with you!