Beiersdorf - It seems like the impulse cycle finished since major low in March-20. Now it is forming correction and mostly it should be flat correction ABC, where B wave is as abc zigzag under progress and go higher before it turning down again. The possible trading range would be 106-98 for next 2-3 week time.
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This is my analysis of Beiersdorf, considering the day chart. The stock is still far from the pre-COVID ATH. Right now the situation is very uncertain. The breakout chances are there, the channel is easily determinable. Still I am uncertain about what direction it is going to go, but I think the pattern as it is can't continue forever.
Hello everyone, A good opportunity has been detected on the BEIERSDORF stock. After strong upward movement on the BEIERSDORF, the price found resistance on a strong resistance point, pulled back and is currently correcting to the downside. We are expecting the price to reach approximately the 98.000 price level, where we have a 61.8% Fibonacci retracement...
Beiersdorf AG (BEI - Xetra) has completed WXY correction within 4 hr time frame in double zigzag, thereafter it made a sharp declining wave A. Wait for B wave correction to over as abc pattern either zigzag or flat to get entry for sell in wave C. Wait for confirmation before entry. It is under-performer to DAX index which will be added benefit for sell trade set up.
Beiersdorf is creating an impuls down. Wait till 5 waves are finished and a proper retracement has taken place. LT-target 60.
5 waves done. Now setting up for a fall.
Beiersdorf AG develops, manufactures, and markets personal care, disposable medical, and adhesive products. Sector: Consumer Staples 52 wk Range: 85.12 - 103.25 Dividend (Yield) = 0.70 (0.71%) P/E Ratio = 32 Beta = 0.58
After this massive outbreak with a new high today the furure for the stock is looking bright now again.
chart is moving inside an ascending channel ... s/l is below of colored s/r zone
Down sloping median line Up sloping 2.0 warning line Long term trendline Old gap level Bullish bat 1.272 ABCD Several other fibs (not shown) All coming together at one precise level in time and price! I don't think the market will move down fast enough to reach it in time, but you never know. DAX is in the area of a big two tier channel / fork bottom....