Welcome to the Ultimate Analysis series, featuring our first stock Unilever. Unilever is a personal consumer goods company and currently in a perfect buy position. I don't need to explain the fundamental analysis on this one as they are in high demand with the current pandemic crisis, so I'll get right to the technicals. Here are the big 5 indicators I use and I'll dive deep into each one.
1. Bollinger Bands: Just crossed at a low point today and have set off a buy signal on the Guth 3x confirm script. I'll let the past buy and sell signals do all the talking.
2. Divergence: The divergence indicator shows growing bullish strength on the most current candles, we can expect bulls to take full control very soon.
3. RSI: The current RSI on the 6M chart is a low 38.06 signaling that Unilever is underbought.
4. MACD: Moving average convergence divergence showing weakening bear power, and has met its bottom threshold, we can expect to see growth from here.
5. Moving Average: Bearish candles are starting to move closer to the MA showing that Bulls are gaining ground on price influence.
This is the first piece to my Ultimate Analysis series and I will be posting updates. I will also be posting daily candle stick predictions, as well as trading updates. I currently have no position but will be buying in Monday morning.
1. Bollinger Bands: Just crossed at a low point today and have set off a buy signal on the Guth 3x confirm script. I'll let the past buy and sell signals do all the talking.
2. Divergence: The divergence indicator shows growing bullish strength on the most current candles, we can expect bulls to take full control very soon.
3. RSI: The current RSI on the 6M chart is a low 38.06 signaling that Unilever is underbought.
4. MACD: Moving average convergence divergence showing weakening bear power, and has met its bottom threshold, we can expect to see growth from here.
5. Moving Average: Bearish candles are starting to move closer to the MA showing that Bulls are gaining ground on price influence.
This is the first piece to my Ultimate Analysis series and I will be posting updates. I will also be posting daily candle stick predictions, as well as trading updates. I currently have no position but will be buying in Monday morning.
