It was a very quite stock with no moves or volumes and only during the last year it went beyond all the imagine limits.
If you look at the price now, you can find the huge downside move and trying of those who made it shy to sell it.
SHORT FP (TOTAL) intraday
+ uncertainties in oil market: meeting in Doha is overvalued, drop in crude inventories can ne as crossseasond
+ further CPI goes down in China as leader importer of crude
+ FP (TOTAL) closed gap
+ additional big volumes in some 5M bars didn't lead to grow of stock.
Short enter = 40, Profir 38.90m Stop = 40,3
SHORT FP (TOTAL SA) intraday (FPP in Tradeview)
+ oil rebounds yesterday on APIreport
+ yesterday China PMI
- long-term negative outlook for oil
- oil reach resistance level, could be in sideways
Enter short = 39.20, Stop = 39.60, Profit= 38.60
LONG^
+ oil rebounds before API
+ China PMI
+ Support levels in oil
+ Support volumes in FP stock within 3 last days
- long-term negative outlook for oil
So, if oil will hold 36.5-36 level and go further up - I will catch up the FP around the open priceafter rebound in 5M bars.
UG (PEUGEOT SA) SHORT:
Short=14.45, StopLoss=15.05, TakeProfit=13.00
- sales drop
- strong previous week and month
- soft week ahead before earnings season
- silent period for buybacks
