ERA.FR 12.10.2016
D1 Time Frame
Long-term and mid-term downward trend, short-term correction to levels of diagonal resistance. The share performs worse than the index it is included in (CAC). For the period of 5 years the share registers a decline by -60% while CAC increases by 40%. Net income for 5 years has been negative and increases with each year. For 2015 net income is -714 000. EPS (Earnings per share) are also negative: -29.4
Price action signal - Pin bar at levels of diagonal resistance
Technical Indicators:
RSI(14) - In overbought area and turning - negative signal
SL: 45.00
Alternative scenario: If the price breaks through above the diagonal resistance and makes a new higher peak, the negative sentiment will decline. Also if, fiscal statement for the Q3 is positive this may lead to higher pricing of the share.
Jr_Trader_B_Arabadzhiev
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.