If we have a look to the negative divergence in at least 2 of the 3 indicators, we can see that shares of the Fagron Group were pushed down. Then we saw a massive positive divergence which resulted in a giant bouce. With impressive spikes, the momentum ran out of upside power. At this very moment we can observe positive divergence and there still is a gap that has to be filled. In my opinion Fagron is set to bounce rapidly by more than 20% in a periode of maximum 3 months.
Trade active:
In at a price of 10,675
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Well done, first target is now the 11.20
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The declining line is broken (red line) so more potential :-)
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11,20 broken :-)))))
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A retest of the 11,20 level is a good scenario for more upside potential...
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The range 11.45 - 11.50 is the main resistance for the next upswing. Are we going to break that range?
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More upside potential!
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Anybody who wants to add comments on this thread? :-))))))
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Elliot Wave Oscillator indicates that an uptrend is validated soon:
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Impressive!
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Huge rally now to 13.30 and maybe 14.40
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Indicators are breaking the down trend now: