Hello,
quick update on the potential reversal trade for [PAH]:
Assuming that the fundamentals were checked and the Idea was to be contrarian to the overall negative sentiment towards Porsche Holding SE:
***Info to the video and the comment on the Euro-Dollar [EURUSD]:
First thing coming to mind is that, Porsche 'would profit' as an exporteur from a declining Euro.
However, Porsche Holding SE as a german car manufacturer is affected from the same negative fundamentals (i.e. difficult success to energy, inflation of raw materials, rekt consumer...) that are leading to a certain decline of its native currency.
More on that in my [EURUSD] idea.
quick update on the potential reversal trade for [PAH]:
Assuming that the fundamentals were checked and the Idea was to be contrarian to the overall negative sentiment towards Porsche Holding SE:
- [*Entry was not triggered, but rejected]
[*No reasen to enter from a technical point of view]
***Info to the video and the comment on the Euro-Dollar [EURUSD]:
First thing coming to mind is that, Porsche 'would profit' as an exporteur from a declining Euro.
However, Porsche Holding SE as a german car manufacturer is affected from the same negative fundamentals (i.e. difficult success to energy, inflation of raw materials, rekt consumer...) that are leading to a certain decline of its native currency.
More on that in my [EURUSD] idea.
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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.
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.