NESTLE: Is a rebound incoming?

6天前The Nestle stock is undergoing a correction phase, with the possibility of further declines into the green marked support zones. This level is marked as a strong long-term buy opportunity for investors, and price recovery is expected from this zone. Should this correction unfold as anticipated, the stock could rally to CHF107 and beyond, with potential targets at CHF115 and CHF130 in the longer term.

The CHF70-85 zone represents a key area of interest for long-term positions. This zone is supported by the 0.618 Fibonacci retracement and historical price action, making it a high-probability level where buyers are likely to step in.
This area is highlighted as the "Best Long-Term Buy Zone", offering an ideal entry point for those looking to accumulate Nestle shares for a potential rebound.

Thank you for taking the time to read my analysis.
I look forward to hearing your thoughts.

Best regards,
Mattner

• No investment advice