PORSCHE - P911 - German Auto Industry
With current issue on tariffs between EU & China - it will be a daring move to buy and European Car stock. It is hard to predict how those discussions will end given the current shift in the EU political landscape.
DAX broke records but P911 was on a downtrend forever. Profitable, dividend play. If to chose any EU auto stock RACE (Ferrari) STLA and Mercedes would be top of the list along with P911.
Once the trend line breaks, ideal entry would be on the retest. The last extended wick might have marked a local bottom
DAX broke records but P911 was on a downtrend forever. Profitable, dividend play. If to chose any EU auto stock RACE (Ferrari) STLA and Mercedes would be top of the list along with P911.
Once the trend line breaks, ideal entry would be on the retest. The last extended wick might have marked a local bottom
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