This is the my second trade idea regarding Wacker Chemie AG (WCH). After the first idea gave a nice ~ +27% gain and as WCH is currently in a strong downtrend, looking for zones to open a new position. Overview WCH is stuck in a range (This is the monthly chart). Breakouts of the range (yellow circles) on either site leads to price moving to the opposite...
General WCH is currently in a no buy area for me as price approaching the top of the range with a big resistance zone. (red rectangle + Level 2). I marked 2 buy zones where i would buy equally stocks for long term hold - therefor no SL (Stop- Loss). First buy zone is based on the 50% of the range and a big s/r level. Major buy zone is at the bottom of...
WCH possible sell position looking at at weekly supply zone
uptrend It's a breakout and a pullback to broken price level .There is two good bullish candle as a trigger for buying .
UPTREND There is good bullish candle over the S/R zone as a trigger for buying
UPTREND ,Why uptrend ? because in my method a trend can be uptrend after breakout of descending trend line and passing out of a price level. And also there is a pullback to broken level so by good SL you can enter to buying Good luck
Divergence, This stock is going up then next weeks
I think from the longer time perspective Wacker Chemie will go up. Every one should have this company in portfolio specially those who want to diversify from $ or £. Daily chart support this 4 hours chart 5 minutes chart its a bit overbought but we think long term always gloden spiral with trading blog
I think Wacker chemie had hit the bottom, see the dojo, oversold on the RSI and the divergence of the MACD is also decreasing. There are not really reasons why Wacker chemie had lost 37% of his value in the past 26 weeks. The fundamentals are also nice for the long term investor