$AG1 Breaks the DowntrendAuto1 ( XETR:AG1 ) was in a downtrend for an extended period. However, following positive company reports, the trend is now reversing gradually.
AG1 trade ideas
Trading Idea - #AUTO1My trading idea for Auto1 Group - Buy/LONG
Target: EUR 9.00 (+28% profit)
The number of vehicles sold at Auto1 has increased, even if the forecast was slightly missed.
Gross profit per vehicle (GPU) in the private customer segment is close to the target of €1000, which is surprisingly strong. The overall valuation of the share is positive after the latest reports.
The latest news indicates a stronger focus towards profitability rather than growth. On the chart, a formation of a bottom can be observed. A good entry point for optimistic investors.
AUTO1 joined SDAX, butAUTO1 joined SDAX, but this didnt help the stock at all, what is not a good sign.
With very low volume, it stays around 50-45€ with no real movement.
Signals all not good, so it is not a profitable investment right now.
AUTO1 Target around 70Auto1 now started in German Stock Exchange
Starting with about 55 Euro, target should be 70-80 till end of the year.
