The wave I of the supercycle starting in 2009 is achieved and a correction is in place
wave II seems to come to its end slowly
the stock is very bearish so measure your risk !
Buying zone = roughly 30 to 38
limit order at about 33€ may be a good choice (23,6% fibo level) but this could go much lower.
wave II seems to come to its end slowly
the stock is very bearish so measure your risk !
Buying zone = roughly 30 to 38
limit order at about 33€ may be a good choice (23,6% fibo level) but this could go much lower.
low at 38,74 (target was 38,73)
was not confident enough and didn't buy unfortunately, would have been a nice swing trade
looking at the 4h chart, this could be the begining of the 4th wave (of the C wave) bringing the prices to around 53€ before a new low at around the 30 mentioned in the first post.
So anyway too risky somehow ... will get in if it goes there otherwise let's look for other opportunites, don't try to get in believing the low is behind us. Could be or not...