Short Term Elliott Wave view in DAX suggests cycle from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and pullback in wave ((ii)) ended at 16830.28 as the 30 minutes chart below shows. The Index then rallies higher within in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from...
Full year 2023 earnings: Revenues in line with analyst expectations Full year 2023 results: Revenue: €40.5b (up 7.7% from FY 2022). Net income: €5.16b (up 4.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a...
Volkswagen’s shares have been on a downward trajectory for about three years now, dropping by more than 50%. However, after finding a bottom (presumably) in October 2023, the company’s stock has been ticking higher and forming an upward-sloping channel. While it is yet to be seen whether these shares have really bottomed out, certain developments might boost the...
The market is on an uptrend. There is no Supply above, maybe I can join the trend with this 4H Demand zone.
Observing the MN1 TF PA, Zalando is finding a bottom in 2024 and is set for a correction to 23.6% = €37.16! Company guidance is positive, revenue is ok, and buyback program starting today to mid June are all positive catalysts to help push the price higher! Lesgo!
Zalando Tweaks Strategy After Revenues Dip 1.9% in 2023 In 2023, Zalando's revenues dropped by 1.9% to 10.1 billion euros, with GMV slipping by 1.1% to 14.6 billion euros, indicating weak online fashion demand. However, adjusted full-year EBIT increased to 350 million euros from 185 million euros, leading to a 1.7 percentage point rise in EBIT margin. Zalando...
This isn't any advice, this is just how I see situation. Zalando can break downtrend and go up to 30 per share. So watch it and when price break trendline there is possibility to trade with low stop loss and high reward Moreover Zalando just releases news that they will buy a lot of it's own shares from the market. Good news then :)
There is a Weekly uptrend with a clear momentum line. These 2 are the best Demand levels right now. Can join the trend.
This level sits inside the Weekly Demand which was responsible for the ending of the Weekly upward momentum.
The long-lasted Weekly downtrend and a new Weekly uptrend has started. The momentum line of this new Weekly uptrend is still intact. Price reacted from a Weekly Supply but buying is still the good decision. This is a Daily Demand level and can look for a quick trade. Because the real Weekly Demand below might attract price through this.
The market is on uptrend, retraced into another Weekly Demand and price is reacting off of it. This level can be held if the last supply level which currently pushing price down, get removed, for nothing significant supply above anymore.
The #EU is Marxist, Socialist, and is involved in Price setting That didn't work out too well for USSR as economic powerhouse and so too we see the once great German economy being brought to it's knees. It is being de-industralized and being brought down in a great economic levelling of the union Such a shame Bayer Pharmaceutical is arguably a company we...
Someone requested this one, and yes, as all crypto currencies show amazing heights, all will correct in due time, and corrections are always severe as much as the upside showed. This one will return likely to the 2.65 area whilst repecting 2.41 GANN support.
4 Key Events affecting both NKE and Adidas, including russian war and rebook dividends as well as Yeezy Partnership Effects
Short Term Elliott Wave View in DAX suggests that rally from 1.17.2024 low is in progress as a 5 waves impulse. Up from 1.17.2024 low, wave ((i)) ended at 17049.52 and dips in wave ((ii)) ended at 16834.94. Up from there, wave ((iii)) is in progress as a 5 waves impulse. Wave (i) ended at 17198.45 and pullback in wave (ii) ended at 17019.15. The Index extends...
DWS GROUP (DWS): XETR:DWS Analyzing the relatively young German stock, DWS Group, listed on the Xetra exchange in Germany, we find ourselves in an overarching Wave (3). We start this count at the Corona low of €16.75. Wave (2) concluded at €23.21, and our old high is at €41.88, which also represents the level of Wave (1). Naturally, for Wave (3), we aim to...
Bayer (BAYN): XETR:BAYN Upon request from one of our members, we're taking a closer look at Bayer AG. We believe that we are still in an overarching Wave II. This wave finds its last true support at the 88.2% retracement level at €24.51. Falling significantly below this level would likely lead us to see a 100% retracement down to €8.48, which would be severe...
Exactly 3 months ago (December 06 2023, see chart below), we set a 17800 Target on DAX (DE40) and the index hit that level yesterday: At the time DAX was the first major stock index to hit new All Time Highs (ATH) and as we mentioned it "sent a message to indices globally". And followed they did, as all markets followed this lead and rose aggressively. This...