Rheinmetall - time for a correction after 10x ?Like many other big stocks RHM could have completed 5 waves up with gains of roughly 1000% in 3 years.
Considering their order backlog, a market cap of around 30 billion is not too unreasonable but the profit margins are still quite low. Demand for their products will remain high, the EU needs to invest in their military to be protected and independent.
So a correction to the 0.618 retracement would be healthy before this can move to 1000€ in the next few years.