Nestle broke and closed below key 101.0 structure support.
looking left we see that the next structure is lying much much lower.
the stock has enormous potential for a further bearish continuation:
The next key levels are 93.0 and 82.0
good luck!!
on nestle, we have a perfect convergence of multiple reversal clues.
first of all the market has recently reached a key level of resistance on the left.
this resistance matches perfectly with 618 retracement of a major bearish impulse.
+ on 4H the market has formed a double top pattern and we see a formation of a bearish ABCD pattern.
it is enough to short...
Hey guys, let's take a look at the Nestle shares.
As we can clearly see here, the nestle stocks have
after the all-time highs, started to correct.
With a VERY neat bearish sequence the up to
Target level correlated. The market gave us 7 times
the chance to enter (m30). In ABC correction forms
even a second sequence, which is also processed.
At the target level...
SIX:NESN
Let's see how far we can go with the positions in Trailing Stop.
Current Risk Reward 7.53 / 1 in eight months.
This means about 1% of the account per month on a single position.
There are clearly closed positions with regular losses, but the important thing is to have a %profit and a Winrate that determine a positive "profit factor".
How can I be sure of...
Currenlty we are in I - > J upward move.
That will take Nestle share prices to the new price record - around May/June 2019.
After that time, there will be a strong downward move J -> K and price will go down to ~75 per share.
Subsequent moves will follow, I will continue on
Nestle hit bottom yesterday, to the point of no return.
Today morning, anybody who opened position and will close it end of the day made money. Good day
Entry: 78.88 CHF (16/10)
Exit: 79.90 CHF (16/10)
Return: 1.3%
After the nice correction we had i think it is time for Nestlé to go back up again, finding support on the 200 ema and a trendline since 2009. Good luck with trading, and trade your own ideas!
Another good water company. Nestle appears to be accelerating northward. Good position to buy, as its on the bottom of the advance for now. IF we see a correction downward (I don't think we will), and the support line breaks, could dip badly and be in an even more attractive price. I'd put a stop loss right under support, just in case. Otherwise its a good stock to sit on
I am long, bought yesterday. Expecting the 5th wave to be in the making. If 80 chf breaks lower i will close, then it will probably make some kind of more complex structure.
There is a nice risk:reward in this position, plus i like the fundamental situation around Nestle. I had some good reads about it, also Goldman, UBS, Kepler, Citi all have targets above 90 chf...
The stock have been making a beautiful channel since 2013. Now is in the top of the channel and the Fibonacci retracement point. With this two signal we should go short, with a target price around 80$
SIMPLE STORY
Stock down on the back of disappointing earnings
Expect further weakness closer to the US open, as US institutions adjust their portfolios
This remains a quality defensive stock, quite compelling in the current toppish market context
SIMPLE OPTIONAL STRATEGY
Selling the June 16 puts with a EUR 69 strike indicatively brings in some EUR 2.00/share, or...
I've always like this company and I'm adding to my position. I don't think we will get a new high but we will get close to it. Looking for a 1 or 2 point pop in the coming days.
