Givaudan Positive Reaction Last Week
Givaudan (GIVN SW) showed a positive reaction last week, rebounding strongly and closing the week above major support at 3536. The stock rebounded sharply from the demand zone between 3287-3468, and has consolidated 26% since the September 2024 high. It’s also at the 61.8% Fibonacci retracement. These technical levels aligning suggest a significant moment for the stock.Source: Bloomberg
Nvidia Entering Major Support Zone
After a 34% consolidation since January, Nvidia is now back on the major swing support zone between 90.69-103.41. Keep an eye on the price action for potential opportunities. Source: Bloomberg
ASML Approaching Major Support Zone
ASML has consolidated 44% since July 2024! For the moment, the trend remains bearish, but the stock is approaching a major support zone between 534-566. Keep an eye on the price action in the next few days for any potential opportunities. Source: Bloomberg
ABB Back on Very Interesting Zone
ABB has consolidated 20% since the highs and is now approaching the March 2024 breakout level. The stock is also in a major demand zone between 40.77-43.60. Keep an eye on the price action for potential opportunities. Source: Bloomberg
Microsoft Back on 1st Major Support Zone
Microsoft (MSFT) has consolidated 21% since the July 2024 highs! The stock is now back on the 1st major support zone between 363-374. While this zone is key, we can't exclude the possibility that the market may continue its downside toward the breakout level at 350, or even towards the 2nd major support zone between 310-330. Keep an eye on these key levels for price action. Source: Bloomberg
DAX Index on Critical Support Zone
The DAX Index remains in a very strong bullish trend! After a recent 5% consolidation, the index is back at the major support zone between 22,190-22,320. Keep an eye on the price action for potential opportunities. Source: Bloomberg
Russell 2000 Index Back on Major Support Zone
After a 20% consolidation since the November high, the Russell 2000 Index is back on the major swing support zone between 1993-2058. It’s also revisiting the breakout level from the April 2022 - December 2023 consolidation. Keep an eye on the price action at these levels for potential opportunities. Source: Bloomberg
Google Back on Key Level
Google (GOOGL) has consolidated 24% since its January high, but the long-term trend remains very bullish. The September retest of the major breakout level at 150 confirms this strong trend. Last week, we saw price action with a Hammer candle on the demand zone, signaling potential for a rebound. Source: Bloomberg
