LXS breaking trading range on red DAX day
Updated
LXS kept trading in a range between roughly 59 and 65 since December 2020. This friday, the markets dipped and took LXS with them. Initially I wanted to start looking for a long position around 59.50 but the stock broke that 59 support. So now I'm looking at a stop/loss around 57.30, the little plateau back before it entered the 59-65 trading range, hoping for a recovery into the channel and optimally into higher 60s again.
Note
this didn't go so well yet but we're still above that little plateau from the end of November. Stopped out but still following to see what happens!
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