Oliver-Basel

Oliver-Basel

• Pennant formation after a nice upward movement • It looks like the breakout from the formation is near • The breakout should be supported by high trading volume • Price target at USD 18.37 • Price target near the gap resistance at USD 18.34/18.52 formed at the end of January and the 76.4% Fibonacci retracement • Let's see if there will be a breakout in the next...

Oliver-Basel

Left chart – daily chart / 1 year • Resistance from the price gap formed mid-January 2023 at USD 56.58/57.02 • Resistance from 76.4% Fibonacci Retracement at USD 56.64 • Support from the price gap formed mid-November 2022 at USD 50.02/50.90 • It looks like that the MACD-Line is crossing the Signal line from the top to the bottom • If there is another negative day,...

Oliver-Basel

Left chart – daily chart / 1 year • Resistance from the gap formed ending October 2022 at 103.96/109.77 • Support from the gap formed beginning November 2022 at 89.47/91.65 • Stock is trading between the support and resistance gaps in a sideways trend • Decreasing volume in the last days Right chart – weekly chart / 5 years • Downtrend since mid-November...

Oliver-Basel

• Slightly upside corridor since beginning December 2022 (daily chart on the left side) • The stock is currently trading at the bottom of the corridor (left side chart) • Low volume in the last days (left side chart) • Break out of the decreasing trend line in the last weeks (weekly chart on the right side) • Supportline at 2.654 (right side chart) • MACD line...

Oliver-Basel

• Triple top formation in the first weeks of the year • Followed by a correction to the price target of USD 143.60, which was the appr. high of the flag • New flag formation with a price target of USD 124.94 • It looks like the stock will test the last October lows

Oliver-Basel

• Possible double bottom formation with the first low end of September and second low mid-October • Second low with slightly less volume than the first low • Resistance line at CHF 132.40 which were tested in the last three trading days • MACD crossed the Signal line near the top of the double bottom formation, which is showing a possible trend reversal • If we...

Oliver-Basel

Weekly Chart (right side) - Nice long-term downtrend since mid-February 2021 Daily Chart (left side) - Gab mid-March 2022 showed a nice support which were tested end of April 2022 - Another gab in the last days is currently showing some support - The 50-MA is currently a strong resistance - The MACD is slightly improving and the RSI just jumped over the important...

Oliver-Basel

• Nice upside of the MCD in the last weeks. • It looks like a flag formation beginning April at the 61.8% Fibonacci Retracement • The gap before the flag formation showed a nice support at USD 242.95/244.77 • 50 MA is turning positive and will cross the 200 MA soon if the upside is continuing • Outbreak of the flag formation was with higher volume which is...

Oliver-Basel

• Triangle formation with a decreasing volume to the end of the formation • Negative outbreak in the last trading session • Outbreak not supported by higher volume, which is a weak signal for the outbreak • MACD continuation looks weaker for the next trading sessions, which could support the outbreak • The next trading sessions will show if the outbreak will be...

Oliver-Basel

• Triangle formation with a decreasing volume to the end of the formation • Do we see soon a positive outbreak? • Slightly increasing RSI but still under 50 • If we see a positive triangle outbreak price target appr. at CHF 656 which is close to the 50% Fibonacci Retracement

Oliver-Basel

• Strong correction in the last days • Nice support at 644.6/652 • In the middle of the correction period there is a small flag which marked the midpoint of the move • Does the support hold at 644.6/652 or do we see a further correction to the next support at 610.40/623.8? • In my point of view an interesting level to build up a small position and waiting for the...

Oliver-Basel

• Sharpe correction to the 23.6 Fibonacci Retracement since February 2021 (weekly chart) • Building up an ascending triangle in the daily and weekly chart • For a further upside the stock has to close the gap at 512.6/529 • If the stock is able to close the gap, new price target at 606

Oliver-Basel

• It looks like that the long-term upward trend holds (chart on the right side) • Break out of the short-term downward trend • RSI is over the important mark of 50 but on the weekly chart still in a downward trend • MACD is improving and shows an upward momentum in the short-term chart and an improved picture in the long-term chart. • Volume is still decreasing...

Oliver-Basel

• Is GC1 able to leave the downward trend in the next days? • MACD shows already positive momentum • RSI jumped over the important mark of 50 after touching the oversold area • I would still stay neutral or short and waiting for the confirmation

Oliver-Basel

• Nice uptrend in the last days and weeks • Nice flagpole followed by a pennant in the short-term chart (left side) • Formation price target 112.22 • Nice flag followed by an upward move in the long-term chart (right side); currently there is a consolidation after closing the gap from beginning march 2020 • Formation price target 110.66 • Let’s wait for an...

Oliver-Basel

• Huge correction after a consolidation at the target price level • Support by the gap from end august at 279/284 • Numbers are coming out in the next days • Could be an interesting enter point

Oliver-Basel

• Reached the target price of the flag formation which was build up in June for the second time. • Index broke through the upward trendline • Looks like that the Index is moving sideways under the top from September 2nd • In the weekly chart the RSI is showing a negative divergence which could be a game changer

Oliver-Basel

• Reached the target price from the pennant formation which was built up in July • Short-term and long-term upward trend is still intact • It is up to you stay long or to take the profit