L'oreal, a French cosmetic giant is forming a possible buy position for investors. What am I looking at?
1. I am seeing forming of a Cup and Handle formation on a weekly time frame, which looks very nice.
2. Next important thing to consider, the price of the stock regained 50MA on weekly time frame , which is considered a nice bullish move and a chance to "get...
Double top on #LOREAL #LOR
seems to be in progress
and a further weakening of the eurozone
By the time this massive double top has confirmed with a breakout
a 1/3 of the stocks's value would have been shed
Ultimately if we get a major downturn
Loreal could be down to 150 zone
Like the classical Elliott wave count that is unfolding.
The current impulse wave 1 might be matured and one can expect a pull-back to 332 - wave 2.
Then the bullish trend will resume up to 470.
Technical rating: medium and wait for the price action to develop further.
With the coming of new tax checks it is not crazy to think that the shares will rise again
Remember that with fiat money printing your money loses more value compared to other assets, the best way to avoid this is by buying very attractive and easily convertible assets.
We can see well that the line has served as support and resistance
That support line could go...
Loreal stock is falling since January.
From 6th the price started to contract within a falling wedge pattern.
On Friday the price reached major horizontal support and then formed a double bottom formation on hourly time frame.
Today we see a breakout of the resistance of the wedge.
It is a very strong bullish clue and the market will most likely start...
Buy L'Oreal at 307.40 up to 308.20
CAC-40 constituent and global beauty and cosmetics giant is signaling via it's price action, chart structure, it's intention to make further gains following the breakout seen on 09 November 2020. This breakout to all-time highs was followed by two back-tests which developed a higher low in process and led to a breakout of the...
This is just my thought, the world's fundamentals have changed. Cosmetics, Make-up and general beauty products utilization has decreased noticeably due to the pandemic. If people are wearing a mask, or working from home, they don't really use these types of products. Unless a vaccine appears soon, I think this stock will see a noticeable decline to around 250.
loreal will x5 in a couple years, this is to keep track of my 10 year portfolio where invest 10million into one company and hold, then sell and compound growth over the following years
