12/11/24- Here is a new BUY breakout chosen by a completely mech12/11/24- Here is a new BUY breakout chosen by a completely mechanical trading system:
Stop Loss @ 118.00
Entry BUY @ 126.70
Target Profit @ 140.24
DGE trade ideas
peeking at $DEO 24hr chart after its earning.Diageo plc is a British multinational alcoholic beverage company, with its headquarters in London, England. It operates from 132 sites around the world. It is a major distributor of Scotch whisky and other spirits. Distilleries owned by Diageo produce 40% of all Scotch whisky with over 24 brands, such as Johnnie Walker, J&B and Old Parr.
Its leading brands include Guinness, Smirnoff, Baileys liqueur, Captain Morgan rum and Tanqueray and Gordon's gin.
Diageo looking bearishYou may have learnt that a triangle pattern in an uptrend is bullish? Here's a good example of wait and see, where the price has broken to the downside. Looks bearish to me.
Diageo plc (DGE.l) bullish scenario:The technical figure Triangle can be found in the daily chart in the UK company Diageo plc (DGE.l). Diageo plc is a British multinational alcoholic beverage company. It is a major distributor of Scotch whisky and other spirits. Distilleries owned by Diageo, produce 40% of all Scotch whisky with over 24 brands, such as Johnnie Walker, J&B and Vat 69. Its leading brands include Johnnie Walker, Guinness, Smirnoff, Baileys liqueur, Captain Morgan rum and Tanqueray and Gordon's gin. The Triangle broke through the resistance line on 23/03/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 15 days towards 3 739.00 GBX. According to experts, your stop-loss order should be placed at 3 438.50 GBX if you decide to enter this position.
If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. That means EPS growth is considered a real positive by most successful long-term investors. Diageo managed to grow EPS by 7.3% per year, over three years. While that sort of growth rate isn't anything to write home about, it does show the business is growing.
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DGE Bullish indicator
1- Falling Wedge formed need to check if it
breakout the trend line then trend will be bullish.
Bearish Indicator.
1- if it breaks the 3426 support it will be in bearish trend
Long Diageo Diageo has said it is starting the final phase of its share buyback, where it will hoover up to £640mln worth of its stock, last month the FTSE 100-listed alcoholic drinks group said it intends to raise its stake in East African Breweries to 65% from 50.03% but did not intend to make a takeover offer.
- Trading at 11.6 below fair value
- Earnings are forecast to grow 10.43%
- Pays a reliable dividend of 2.12%
Diageo bearish. DEOGoals 190, 186. Invalidation at 239
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Diageo - decision timeIn my opinion, this stock is at an interesting juncture. Is about to begin a C wave decline to complete a flat correction or was the bottom in March 2020 already the completion of a wave 4? I'm leaning towards a decent correction as it is difficult (for me anyway) to count the upward move from 2020 in 5 waves. As always, time will tell but it might provide a decent opportunity one way or the other.
Diageo Plc. Possible Future Structure. Diageo Plc. is now making an ABC corrective structure. Now we are at wave C which is the last leg of the ABC structure and the wave C which is an impulsive wave will end with a smaller degree wave (5). I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
DIAGEO PLC: Is This A Sell Set Up?I like the short opportunity i see here, watch out for more updates, thanks a lot for the support.
DGE BUY @2400 or lowerH&S Pattern
Currently trading at around 20 P/E, at around 18 (2400p) or 15 (2000p) would be a very good opportunity
Dividend yield of around 2.7% provides a very stable opportunity considering how safe and well run this business is
Scenario 1 - Follow the flag pattern, resort to trendline @ 2400 levels + potentially venture lower? (In which case the lower we go the more attractive it is to invest)
OR
Scenario 2 - Edge higher to approx 2700 before making the pullback to 2400 or lower levels
Diageo Defensive stock bullish rally IdeaIn the past few months with the rise of Corona virus Diageos stock price has really taken a hit with profit losses for the leading spirit making company. Asia is in lockdown due to the virus and othewr consumers around the world are also suffering causing Diageo to take a real bad hit. However this stock is classed as defensive due the fact of even in hard times people generally seem to opt for alcohol or cigarettes etc it is rare to see huge movements to the downside like we are seeing so that is why i am predicting upside movement soon. With the weekly trend line constantly tested over the past few years the long term bias definitely indicates strong bullish movement.
Confluences for this trade
1.Weekly trend line constantly tested.
2.Multiple time frame confirmation of bullish movement
3. Price is currently at a previous support level and key area of price.
4.Defensive stocks RARELY see huge movements to the downside with exceptions of a global scare like we are seeing right now with the corona virus.
Please Like and share this idea
DGE Ascending Wedge RR 5:1An ascending wedge pattern has emerged on the daily DGE chart, there's a clear line of support from the past months in this stock which has recently been met which will result in the price going higher as this stock bounces off support as seen in the previous months. Once it continues to rise it will be facing the resistance level for a third time at 2873.0, I'm expecting there to be consolidation between 2835.5-2873.5 before pushing through resistance.
My game plan would be the following:
Trigger: 2791.1
TP: 3040.1
SL: 2741.1
RR: 5:1
DEO breaks out of ascending triangle to gap above .50 FibEstablish long position now and accumulate strongly if shares break above 143.75.
DEO shares rose 1.33% on 11/8 and closed near the top their range, forming a bullish pin candlestick. This comes after having opened significantly higher (>$3) than the previous close, leaving a gap around $140 that may enact some gravitational pull on share prices in the near-term. This risk is far outweighed, in my view, by looks to be a break out out from an ascending triangle continuation pattern, an interpretation which would allow shares to move quickly higher into 2019 as they reclaim and then far outpace the appreciation they enjoyed in September.
- Bullish cross of DI+ above DI- reflect the lower highs and higher lows throughout October, a classic sign of an ascending triangle continuation pattern. After a brief but intense period of consolidation, the buying pressure in the stock has finally 'won' out, and yesterday's bullish
- While ADX continues to decline further below 20, this is acceptable in my view given the large positive and negative swings associated with triangle consolidation. Note: ADX measures strength (but not direction) of trends, and levels below 20 are generally associated with weakening or non-trending (rangebound) shares. This is technically the weakest part of the chart, and improvement in this line back above 20 would give strong incremental confirmation of the potential bullish continuation.
- I still think some shares are definitely worth buying before this occurs. Looking closer at ADX, the rate of decline has been decelerating over the past week, and the rightmost edge of the line has just shown a minor but undeniable inflection back into an upward slope.
- MUCH MORE IMPORTANT (and more intuitive), the movement of the ADX line shows visible correlation with the green DI+ line throughout October's ups and down. Since DI+ and D- are measures of trend direction (cumulative recent up moves vs. down moves), the relationship suggested strong commitment from Bulls throughout the month of October, 'stepping up' to fuel brief recoveries while not strong enough to notch higher highs (hence Rising Triangle).
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Rough Notes:
*** The idea is that these mini-rallies, with the DI+ crossing above DI-), create pent-up volume...confirmed in BOTH signals... would lvoe to have three but might as well take a chance now...shares look cheap, The one bar outside the triangle suggested
Current share prices of are ALMOST EXACTLY EQUIDISTANT in upside/downside between 52-week high and low.
at first that the bears shows INDECISION, another debatably positive sign in my view
(Bulls are 'stepping up' to meet selling pressures).
- This correlation is a notable change from September, when a sub-20 and weakening ADX line failed to confirm the short-term lift
- There are several obvious
recovery in DEO. Note that the signal was falsely
- Last but not least we see a consistent building in On-Balance-Volume (OBV), a leading price and volume indicator that may be interpreted as "Smart Money". Just as we saw in ABX, OBV did NOT confirm the pre-October run-up in DEO shares, and I note
current declines are reflecting recent consolidation in the stock as bears give up their tough
is acceptable in this case as triangle's are precursors
giving further support to the ascending triangle interpretation,
- More notably, a close
- Above logic may imply ...
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