Since beginning of November there is an bullish trend for Rheinmetall AG and the stock was since then above the 200 SMA.
Starting from 27th of January it was falling below 200 SMA which enables 2 options:
1) The stock may fall down to it's first and second supporters (S1= 83,40€ & S2 = 80,20€) and then tries again to break the first the Volume R1= 87€ followed by R2 = 93.30€ flag.
2) The stock consolidates in the blue area and break gets bullish until 100€
Considering the MACD it feels like after the side trend in the blueish area it may go up again.
This is just a personal idea and no recommendation.
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Starting from 27th of January it was falling below 200 SMA which enables 2 options:
1) The stock may fall down to it's first and second supporters (S1= 83,40€ & S2 = 80,20€) and then tries again to break the first the Volume R1= 87€ followed by R2 = 93.30€ flag.
2) The stock consolidates in the blue area and break gets bullish until 100€
Considering the MACD it feels like after the side trend in the blueish area it may go up again.
This is just a personal idea and no recommendation.