One other item I follow which can prove an interesting investment in the Euro zone: Deutsche Post AG (DPW).
One limitation is that I have data only since 2009. So bear that in mind.
Below you have the longer term graph and the shorter term zoom in with the CML estimate.
This Sentient analysis is using Hurst nominal cycle lengths, with pinning of a 40wk trough in FEB2018 (even though ST then puts it just after FEB2018…). Importantly to note is that we are 34.7 months from the last 54 month trough, and the average 18 month trough is running at 17.1 months. This means we should be in the vicinity of an 18 month trough. Which could just have happened…
The suggestion here is that we have just seen the 18 month trough and that we can climb to the next 18 month peak expected MAY2019. So, from 18 month trough to peak in 5-6 months.
Other indicators on DPW:
DeMark Weekly: About to make a bullish revearsal (today is friday)
DeMark Daily: After making a 13TD BUY setup in mid-NOV2018, it then produced an added 9TD BUY in mid-DEC2018. Since then, nothing. Yesterday it made a bullish revearsal.
MACD Daily: Recently made a bullish divergence.
On a last note, it may be of interest of those who hold lots of USD to put some of those in EUR.