Unilever tagged posts

It has been a long time since the last update. This doesn’t mean lack of activity, several brief posts have been posted on Twitter @JohnUSA. Today, instead of the usual AEX updates, here are some individual stock charts. The AEX is still in a topping process that should end pretty soon.

Aegon (b...

Below is the Unilever chart from May 2013. See this post for full article.

While UNI didn’t reach the 33.30 target (it stopped at 33.09) it has since made an impressive 18% decline at the Oct 2013 low. It doesn’t come much better than this.

In the last Unilever article we wrote:

Unilever is approaching a Fibonacci price relationship at 33.30. See chart. Unilever’s uptrend is weakening. One indication of an ending diagonal is decreasing volume (yellow line at bottom). This move will soon be exhausted.

Zooming in (see the updated chart...

Unilever is approaching a Fibonacci price relationship at 33.30. See chart.
Zooming in (see chart below), Unilever’s uptrend is weakening. One indication of an ending diagonal is decreasing volume (yellow line at bottom). This move will soon be exhausted.