Fresenius
Good monthly setup for Fresenius. Broke up descending channel, then confirmed. Now we have beautiful monthly candle giving probabilities for an upside move (hopefully above 34.60). The 3 years distance from MA shows almost the same (broke up, retest, now moving).
Very clear Fibonacci resistances around 41-44. It seems to me a good defensive play for long term. It pays nice dividend as well.
Always do your own research!
Very clear Fibonacci resistances around 41-44. It seems to me a good defensive play for long term. It pays nice dividend as well.
Always do your own research!
Trade active
The trade is progressing well! I entered around 28.00, and now that the weekly chart has confirmed above 36.23, my target feels within reach. I plan to exit between 43.00 and 45.00, but I’m also considering trimming half of the position and keeping an eye on the 60.00 level. It’ll all depend on how the price action unfolds from here. Let’s see how it plays out!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.