TradingView
paintek
3 de Sep. de 2018 16:59

Buy opportunity: Continental (CON), wait for MACD buy signal Largo

CONTINENTAL AG O.N.XETR

Descripción

CON had a huge drop recently. As a result RSI is in the oversold zone, and MACD will give buy signal soon.

P/E RATIO: 10.30 (considered low comparing to DAX index average P/E ratio)

Entry strategy: wait for bullish candle which cross the 163 price. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.

SL: 152 (-6.7%)
TP: 181 (+11%)

Comentarios

Possible double bottom pattern is forming. Wait for bullish confirmation candle before opening the trade.

Comentarios

Still waiting for a bullish candle which can cross the entry level.

Orden cancelada

Price hasn't reached entry level. Idea became invalid.
Más