Unilever shares surged after Kraft Heinz announced plans to purchase the company. Talks have subsequently fallen through . Expect shares to come back to earth again on Tuesday at market open. There's strong potential for an "impulse" play here, as the stock will likely open low and continue lower.
- Enter immediately at market open on Tuesday, Feb 21st.
- Set...
Unilever has formed a small base on the daily chart inline with major support. There is also bullish divergence on the RSI and we believe scope for a bounce towards 3400p in the short term.
We could see this grind towards the target over the Christmas period.
Unilever hsa decreased alot since november, more so then competitors. When looking at the YoY financial statement the decrease seems to be to large in my opinnion. As such we expect unilever to hit throught the resistance on 38. while market volatility is low (aexvix) i expect a rebounce before the market hits 475. This could result in unilever first bouncing back...
A negative pattern was formed on the weekly graph from October 15 to October 16, which led to a downward slope in the price. This price broke the upward sloping support line giving room to further drops in the price level. I would look for this to continue falling to the long-term support line around 36.5 (around fib 0.5). Unilever have come under pressure...
In the short run the nightingale can fly to the cloud again as the lower Bollinger edge had been reached and the rate came back into the band. At least the big gap at 40 should be closed.
AB = CD move shows the sign of Zorro ..."Z".. and took 5 years to complete.
Now price seems to be trapped above the ML and the upper band of the green channel.
Price conforms to structure drawn way back at the A point in beginning of 2009.
