Buy opportunity: Continental (CON), wait for MACD buy signal
CON had a huge drop recently. As a result RSI is in the oversold zone, and MACD will give buy signal soon.P/E RATIO: 10.30 (considered low comparing to DAX index average P/E ratio)
Entry strategy: wait for bullish candle which cross the 163 price. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.
SL: 152 (-6.7%)
TP: 181 (+11%)
Nota
Possible double bottom pattern is forming. Wait for bullish confirmation candle before opening the trade.Nota
Still waiting for a bullish candle which can cross the entry level.Ordem cancelada
Price hasn't reached entry level. Idea became invalid.
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If you think this analysis is useful and you want to receive new updates about this idea, leave your comment or your LIKE!
Thank you for your support and may the markets be with you!
Thank you for your support and may the markets be with you!
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.