Weekly chart, time to long, target 2Following weekly chart.
Got a long signal from my indicator.
TP EMA100 or 2
SL 1.46 - I am using indicator stop loss but 1.46 might be a good candidate to stop.
Postnl
PNL heading lower? Postnl
Short Term - We look to Sell at 3.22 (stop at 3.36)
Preferred trade is to sell into rallies. Trend line resistance is located at 3,25. Previous resistance located at 3.25. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 2.94 and 2.87
Resistance: 3.30 / 3.50 / 3.67
Support: 3.00 / 2.63 / 2.20
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Postnl to post lower prices? Postnl
Short Term - We look to Sell at 3.32 (stop at 3.44)
Preferred trade is to sell into rallies. 20 1day EMA is at 3.27. Previous resistance located at 3.30. We have a 38.2% Fibonacci pullback level of 3.30 from 3.80 to 2.99.
Our profit targets will be 2.99 and 2.87
Resistance: 3.30 / 3.50 / 4.00
Support: 3.00 / 2.90 / 2.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
PostNL approaching key support levels, watch for possible longPostNL stock prices have depreciated fast in the last few years. Declining returns in the postal market, combined with falling letter volumes puts pressure on the capital position of the company. Through 2019 and 2020 major investments are done to make the company more profitable. Logistical warehouses will receive new equipment with more automation technology.
Also the company aims to higher prices of postal services. Still, PostNL is drifting along without any evidence the market conditions and company will improve. So be aware that speculating on this stock is risky. As you can see the stock price is moving in a downward channel and has reached the tremendous low price of €1,49. But at this moment the stock seems undervalued and is approaching a 2013 support-level.
