Allianz Breakout, Middle Term Swing Trade on good ER
Allianz just announced excellent quarterly Earnings over analysts expectations and good guidance.
Thus we saw a 2+% jump after ER day, but got crumbled by bad future market leaving the 2 important supports EMA 50 and SMA 200 behind.
ALV trumbled months back in a short downtrend which still isn't completely out of fokus but the stock has proven to keep above the upper downtrendline even in a bigger market sell off.
The stock is currently valued at a PE ratio of 10, dividend of over 5% in 2019 and a future PEG ratio of 1,4 (sector at 4).
Average analyst rating of "overweight" (15Buy, 1 Ow, 12 Hold, 0Uw , 0S) and a PT of 215€. Fundamentally thus a strong stock.
So if you are not bearish on futures , this is a good opertunity. It's main future, the DAX , is currently also in an oversold state.
Stop loss shouldn't be at EMA 50, I set it at the upper downtrendline at 176€. TP at 219,50€. Additional TP could be set at 200€.
Note, this is a repost since first one was posted in a different language Tradingview
Thus we saw a 2+% jump after ER day, but got crumbled by bad future market leaving the 2 important supports EMA 50 and SMA 200 behind.
ALV trumbled months back in a short downtrend which still isn't completely out of fokus but the stock has proven to keep above the upper downtrendline even in a bigger market sell off.
The stock is currently valued at a PE ratio of 10, dividend of over 5% in 2019 and a future PEG ratio of 1,4 (sector at 4).
Average analyst rating of "overweight" (15Buy, 1 Ow, 12 Hold, 0Uw , 0S) and a PT of 215€. Fundamentally thus a strong stock.
So if you are not bearish on futures , this is a good opertunity. It's main future, the DAX , is currently also in an oversold state.
Stop loss shouldn't be at EMA 50, I set it at the upper downtrendline at 176€. TP at 219,50€. Additional TP could be set at 200€.
Note, this is a repost since first one was posted in a different language Tradingview
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.