Observing the MN1 TF PA, Zalando is finding a bottom in 2024 and is set for a correction to 23.6% = €37.16!
Company guidance is positive, revenue is ok, and buyback program starting today to mid June are all positive catalysts to help push the price higher!
Lesgo!
An image is worth a thousand words...
Two scenarios:
#1 up to 23.6% fibo, US inflation is worse than expected, TSLA can drop to below 166 (year low).
#2 up to 23.6% fibo, US inflation is better than expected, TSLA can surge to 261 (38.2%).
