Trading Idea - #VARTA (Head+Shoulders formation)
Updated
SELL
ENTRY: 132.40 EUR
TARGET: 83.55 EUR (37% profit)
STOP: 154.45 EUR
1.) Technically a head and shoulders formation could form.
2.) 135.00 EUR is a significant resistance level. Rejection expected!
3.) As expected, the battery manufacturer's start to the year was weak.
4.) VARTA and Allgäu Batterie enter into partnership for lithium-ion battery packs.
5.) VARTA develops mobile energy packages for everything from headphones to car
ENTRY: 132.40 EUR
TARGET: 83.55 EUR (37% profit)
STOP: 154.45 EUR
1.) Technically a head and shoulders formation could form.
2.) 135.00 EUR is a significant resistance level. Rejection expected!
3.) As expected, the battery manufacturer's start to the year was weak.
4.) VARTA and Allgäu Batterie enter into partnership for lithium-ion battery packs.
5.) VARTA develops mobile energy packages for everything from headphones to car
Trade closed: stop reached
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