Hannover Rück / HNR1 / Symmetry and Seasonality
I am looking at that Chart again because i bought this stock on 14.10.2024.
Not the best trade so far, - but since this company give good dividents and can in my View seen as a value investment I dont give too much about the short term result and I am not worried.
On the chart I drew an arrow for the first strong move and copied tat arrow to start again from the low of the correction we are in right now. A 2nd dotted arrow I drew from the same starting point of observation to the highest point in the correction and again copied that arrow to project a price target for a potential next upmove.
Together with some fibonacci / percentages I marked a target area....
Seasonality analysis suggests that this move should come soon and then could (like the first strong upmove) reach a somewhat 10% gain for me (entered at 260 euro per share).
Maybe this makes sense for you ? Leave a comment and/or like.
Hope it helps to find a profitable entry in a good trade...
Cheers!
Not the best trade so far, - but since this company give good dividents and can in my View seen as a value investment I dont give too much about the short term result and I am not worried.
On the chart I drew an arrow for the first strong move and copied tat arrow to start again from the low of the correction we are in right now. A 2nd dotted arrow I drew from the same starting point of observation to the highest point in the correction and again copied that arrow to project a price target for a potential next upmove.
Together with some fibonacci / percentages I marked a target area....
Seasonality analysis suggests that this move should come soon and then could (like the first strong upmove) reach a somewhat 10% gain for me (entered at 260 euro per share).
Maybe this makes sense for you ? Leave a comment and/or like.
Hope it helps to find a profitable entry in a good trade...
Cheers!
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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.