CHANNELS BVB – MID ECONOMIC UPDATE (WITH NEW GLOSSARY)
SUMMARY: ELECTROPUTERE WEEKLY (EPT) Prices turn down from previous resistance and continue to point lower. SOCEP WEEKLY (SOCP) Though minor trend remains negative, prices have reached multiyear primary supports near 0.1 levels which should hold. ARMATURA DAILY (ARM) The impulsive structure continues to point up. UAMT WEEKLY (UAMT) Prices are testing the channel support. A break here would be extremely positive. Key level lies at 0.5. AEROSTAR DAILY (ARSB) Trend remains stagnant to negative and a retesting of the support suggests negativity. ELECTROCONTACT WEEKLY (ETC) Prices broke upwards the channels support. Next key level lies at 0.04. ALTUR WEEKLY (ALT) Prices have made an Engulfing Bearish (EB)* and Dark Cloud Cover(DCC)* at previous highs. The trend remains down. SANTIERUL NAVAL WEEKLY (SNO) The minor trend remains positive. There is no negative confirmation. VAE APCAROM WEEKLY (APC) Moving average crossover is negative. COMELF WEEKLY (CMF) Prices are still in the downtrended channel and make a reverse head and shoulder formation. We need a clear break at the neckline to look higher. MEFIN DAILY (MEF) ANTICIPATED AND HAPPENED Relative Strength Index (RSI) non confirms prices and suggest negativity. As anticipated prices broke down the channel support. TURBOMECANICA DAILY (TBM) Prices take key support near 0.07 levels with a HAMMER formation. These are the last supports standing. A break here would be negative. ARTROM DAILY (ART) Prices have broken the intermediate channel and are retesting the intermediate lows. MECANICA WEEKLY (MECF) ANTICIPATED AND HAPPENED Moving average crossover suggests continued positivity. As anticipated prices continue to remain up, but sideways. COMPA WEEKLY (CMP) Prices make a Dark Cloud negative Formation. Trend remains negative. CONDMAG WEEKLY (COMI) Prices are out the downtrended multiweek channel, testing key level at 0.3. We need a clear break here to look higher.
GLOSSARY
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CHANNELS.BVB
CHANNELS.BVB is our second perspective product published on MONDAY, WEDNESDAY AND FRIDAY. The report uses conventional technical tools and focuses on stocks more than Indices. The report illustrates key price levels, price targets, price projections and time turn windows. WAVES.ROM and CHANNELS.ROM are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers just BVB stocks all mid cap and small cap.
CHANNELS.BVB on MONDAY covers the Early Economic Sector cycle including Financials and Discretionary sector stocks.
REUTERS RIC – (BATR.BX, BRDX.BX, BRKU.BX, SIF1.BX, SIF2.BX, SIF3.BX, SIF4.BX, SIF5.BX, BCCA.BX, ASAG.BX, FLAA.BX, EFOR.BX, TUFE.BX, SIPA.BX, ELBU.BX, ERST.BX, IMPT.BX)
CHANNELS.BVB on WEDNESDAY covers the Mid Economic Sector cycle including INDUSTRIALS sector stocks.
REUTERS RIC – (TUBU.BX, SOCC.BX, ARTM.BX, ARSB.BX, SNOS.BX, ALTC.BX, ARMA.BX, CMLF.BX, MEFI.BX, EPUT.BX, ETAC.BX, UAMT.BX, COMPA.BX, APOM.BX, MECF.BX, COMI.BX)
CHANNELS.BVB on FRIDAY covers the Late Economic Sector cycle including Energy, Staples, Pharma, Utilities and Chemicals sector stocks.
REUTERS RIC – (SNPP.BX, ROMP.BX, OILT.BX, PTRI.BX, PEXI.BX, ENPL.BX, TSEL.BX, MOPN.BX, BERS.BX, ALUM.BX, OLTC.BX, ALRO.BX, OTSP.BX, AMSL.BX, AZOM.BX, VNCA.BX, PPLS.BX, MJMR.BX, SIZA.BX, CBCM.BX, ZIMC.BX, PCLR.BX, ATBE.BX, SCDB.BX, BIOF.BX, DAFR.BRQ)