55 % chance - HYUNDAI share price analysis
Hello everyone,
Today I am taking a look at the Hyundai chart.
The situation is not acute at the moment, but for the watchlist.
- Hyundai was able to overcome important resistances with the last rally.
- I expect a further positive development in the medium term.
- The share price is currently in a correction
- For a possible entry, the price still has to fall by approx. 25%.
The plan
- Entry at the golden pocket of the last rally
- Support is provided by the MA200
- The buy zone is extended by the horizontal support of the horizontal support zone
- The possible entry seems almost too good to be true. However, if the corresponding zone is not approached, I will not open a position here.
Buy zone: 31.8 - 29.4 points
Target zone: 49 points
With this in mind,
Good luck & Keep it simple!
Max
Today I am taking a look at the Hyundai chart.
The situation is not acute at the moment, but for the watchlist.
- Hyundai was able to overcome important resistances with the last rally.
- I expect a further positive development in the medium term.
- The share price is currently in a correction
- For a possible entry, the price still has to fall by approx. 25%.
The plan
- Entry at the golden pocket of the last rally
- Support is provided by the MA200
- The buy zone is extended by the horizontal support of the horizontal support zone
- The possible entry seems almost too good to be true. However, if the corresponding zone is not approached, I will not open a position here.
Buy zone: 31.8 - 29.4 points
Target zone: 49 points
With this in mind,
Good luck & Keep it simple!
Max
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