Allianz SE to correct 40% in 2024?On the above 12 day chart price action has appreciated 70% since late 2022. The outlook for future growth maybe about to change as the flood waters threaten to submerge the performance of this Munich based institution.
Why the bearish outlook?
1) Price action and RSI support breakouts.
2) Volume
Correction Not Yet FinishedIt is a little bit difficult to describe what I see.
2 different VWAPs(a rising and a having turned downward) indicate a bottom and on Friday we have re-entered a 3rd VWAP which is following the downtrend since 15th September.
In my opinion this says that we shall test the upper lines of the price b
Good stock to keep into your portfolio long termAllianz has started 2023 very positively. First quarter results are solid, shares buyback has been announced, together with a good 5% ish dividend and further investments. I am looking at entering a long position for the long-term. In case of short-term downfall (1 or 2 years from now), there will b
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