Buy opportunity: Continental (CON), wait for MACD buy signal

CON had a huge drop recently. As a result RSI is in the oversold zone, and MACD will give buy signal soon.

P/E RATIO: 10.30 (considered low comparing to DAX index average P/E ratio)

Entry strategy: wait for bullish candle which cross the 163 price. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.

SL: 152 (-6.7%)
TP: 181 (+11%)

تعليق:

Possible double bottom pattern is forming. Wait for bullish confirmation candle before opening the trade.

تعليق:

Still waiting for a bullish candle which can cross the entry level.

تم حذف الأمر:

Price hasn't reached entry level. Idea became invalid.