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1COV added to model portfolioCovestro has just been added as a 12.5% position to our model portfolio. Some comments: 1. 7/8 qualifiers of Minervini's trend template are met and the stock is in a confirmed phase 2 uptrend. 2. Stochastic RSI are indicating an entry coming our of an oversold position. 3. This is a pullback entry following a healthy pullback over the last 2 weeks under low volume which allows for a low risk entry. 4. Relative strength of 1COV as measured against the SP500 is very high which makes that a momentum trade. Here is the link to our updated model portfolio: www.tradingview.com
TRADEGATE:1COVLong
by JS_TechTrading
H&S and Dark Cloud Cover indicate short term bearish reversal?Heidelbergcement's future not looking good amid a raising interest rates environment for real estate promoters. Technical analysis: Bearish A Head and Shoulders pattern could be underway since Sep 2022 and once the stock has reached a double ceiling level at 77.50€. Besides, a Dark Cloud cover was formed on Friday 29th of September in the right shoulder and today's candle seems to be confirming the candlestick pattern prophecy, which would lead us to first support level ranging from 68.5-70.5€. Beyond analysis and POV: Bearish and Bullish The fact that Vonovia has frozen 60.000 apartments that were supposed to be built now also indicates a reduction of materials' demand to build houses and perhaps other real estate promoters have come up with the same decision. This means, less materials needed for now which could potentially affect Heidelbergcement's profits in the near future. However, the ISM Manufacturing PMI came better than expected for September (actual 49, exp. 47.7 prev. 47.6). This means, any short-term bearish reversal could not last long. Fundamental analysis: All bullish considerations The debt level is considered satisfactory with a net debt to equity ratio of 32.8%. Earnings Payout to Shareholders is 26%. P/E ratio = 7.5 while industry average is 9.1.
XETR:HEIShort
by alexinve
Retest to 20 and we take it from thereWhile I can imagine that XETR:HFG buisness model can work out for the in the long run, Its headwinds seem to be gathering into a perfect storm against it. Trying to keep it short: (get it?) Discretionary spending of American and German consumers might be hit hard in the coming months, due to deteriorating economic conditions. People might be inclined to opt for cheaper alternatives, i.e. classical supermarkets. Sky high P/E ratio Not paying dividends, low EPS In an overall environment of rising yields, this is not at all an attractive stock Chart was almost overbought two weeks ago and is now showing weakness on daily and weekly All these reasons make it plausible that a retest of 20 within this year is coming. I would post you a picture, but I have not enough street cred on TV to do it :/. Anyway, the Idea is simple: Short it down to 20.
XETR:HFGShort
by bratenzwerg
1.2 &1.2Greetings everyone, I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions. As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening. My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned. Thank you for your continued support, and I'm excited to continue our journey together. Sincerely, (Mr.Nobody)
TRADEGATE:TL0Long
by Mehdi_Abbasi_EWP