I have just drawn all the technically possible scenarios in the daily chart.
HOWEVER: With the signs of a cooling economy, continued rate hikes and possible incoming recession, I highly doubt, that the S&P500 could continue its bull rally to 5200. Even the moderate price target in case of a potential "W" forming after the index broke the falling wedge would be...
Symmetrical triangle.
Breaking up or down is both possible.
In case of breaking downwards, the PT would be lower than resistance, which could result in a massive sellout of the stock.
Most probably the quarterly results will decide over the direction the stock will follow.
After the DMP Stock touched and rebounced from it's 52-Week support at 36,00€, it is now creating a broadening rising wedge formation. As from market perspective, this formation can be attributed to high uncertainty as well as worsening growth perspective for the Euro-Zone.
Mid-term perspective for the stock is bearish. Rising broadening wedge will most probably...
