HBH long - Hornbach - target 140€

Jun 24, 2021

trade idea:
5 (c) ii may be finished

order @ 80,65 if that goes down to the 23,6% fibo
stop @ 77 (wave 2)

order > 87,35 (wave 4) which would confirm that the correction is over
stop @ last low (wave 5) = 82,35 now

Targets
103,95
110,95
144 long term

Jun 29, 2021

Trade active

bought 87,35
stop leveled up to wave 1 = 93,55

Jul 2, 2021

Trade active

Either wave iv is finished or in fact iii is an extended wave so we just did the first wave of this iii and iv is in fact an A of an ongoing 2 wave (validation if 93,55 is broken)

For that reason, stop on 93,55 for the short term and buy again at lower levels
or second possibility don't stop and add at lower levels

Jul 7, 2021

Trade active

assuming iv done @ 93.7
v looks like ongoing or even done
hitting target 103,95 or close to it
wait and see
short termers may leave or step a close stop

Jul 14, 2021

Trade active

trade still active but stop level is close
if we are unlucky, the waves iii, iv and v are all done already
or the iv is an extended wave (valid until 93,7 holds)

but well better a small gain than hoping better

Jul 18, 2021

Trade closed: stop reached

missing power unfortunately
let's buy again lower
gain = 93,55-87,35=6,2€ per share = about 7%