Trading Idea - HELLA
Updated
BUY
Target: 62.00 EUR (32%)
Stop: 42.70 EUR
1.) H4 chart: Strong and fully intact uptrend since April 2020
2.) H4 chart: 3rd rejection on lower uptrend line
3.) D1 chart: still above the 200 daily EMA.
4.) Despite delivery bottlenecks for semiconductors, the first quarter was good for automotive suppliers. Regional focus could prove to be a burden, but the impact differs from company to company. Hella has one of the best results in the industry.
Target: 62.00 EUR (32%)
Stop: 42.70 EUR
1.) H4 chart: Strong and fully intact uptrend since April 2020
2.) H4 chart: 3rd rejection on lower uptrend line
3.) D1 chart: still above the 200 daily EMA.
4.) Despite delivery bottlenecks for semiconductors, the first quarter was good for automotive suppliers. Regional focus could prove to be a burden, but the impact differs from company to company. Hella has one of the best results in the industry.
Trade closed: target reached
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