🔜 bullish move ahead!Technicals
The 50 % retracement of the correction from the bullish movement from the high last April was reached. It's a healthy correction so far.
We're above the EMA 17 and SMA 30 and 50 on a daily basis.
An inverse shoulder-head-shoulder-formation has been built and already broken.
As we have cut through the SMA 200 (red) without any major resistance the last time(s), we could consider it not a significant resistance when moving upwards.
We've got a bullish seasonal pattern in HEI over the last 15 years considering Seasonality. 80 % win rate in the date range from the 24th of February until the 9th of May.
Fundamentals
A growth by 1.5 % in 2022 is expected in the construction sector: www.bauindustrie.de
Construction volume is growing in 2022: www.tga-fachplaner.de
Economic growth is expected in the construction industry: www.deutsche-handwerks-zeitung.de
So I'm bullishly invested.
