Short term downward momentum is weakening and the MACD line is about to cross the signal line from underneath, indicating that the price is ready for some upward movement. Also, backed by 50MA support and trend line support indicating that trend continuation is very likely.
Entry: 36EU
Target: 41EU
SL: 33EU
There was negative divergence in the chart of Arcadis. Mainly the stock slipped a bit, but not very hardly. If Arcadis breaks its uptrend by fall through the support line, then it signals a further decline to at least the range 13,75 - 14 euro level. The negative divergence is measured in three important indicators. Due to the oversold condition on the short term,...
I like how ARCADA is setting up, looks like a stop run I set my SL at 12.35 looking for break of this wedge and big run up once it moves above the 200sma on Daily TF
Traders,
This analyse is very obvious. But we never know for sure where the markets will go!
Likely to see a nice and stron bullish move!
Best of luck!
