Hannover Rück / HNR1 / Symmetry and SeasonalityI am looking at that Chart again because i bought this stock on 14.10.2024.
Not the best trade so far, - but since this company give good dividents and can in my View seen as a value investment I dont give too much about the short term result and I am not worried.
On the chart I drew an arrow for the first strong move and copied tat arrow to start again from the low of the correction we are in right now. A 2nd dotted arrow I drew from the same starting point of observation to the highest point in the correction and again copied that arrow to project a price target for a potential next upmove.
Together with some fibonacci / percentages I marked a target area....
Seasonality analysis suggests that this move should come soon and then could (like the first strong upmove) reach a somewhat 10% gain for me (entered at 260 euro per share).
Maybe this makes sense for you ? Leave a comment and/or like.
Hope it helps to find a profitable entry in a good trade...
Cheers!
