Selling DHER at 50% retracement.Delivery Hero - 30d expiry - We look to Sell at 40.44 (stop at 44.22)
Levels close to the 50% pullback level of 40.50 found sellers.
The primary trend remains bearish.
We look for a temporary move higher.
Levels close to the 78.6% pullback level of 31.00 found buyers.
Preferred trade is to sell into rallies.
Our profit targets will be 31.66 and 28.66
Resistance: 37.50 / 40.00 / 45.00
Support: 35.00 / 31.50 / 28.00
Disclaimer – Saxo Bank Group.
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