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SARTORIUS AG
Long

Sartorius AG LONG Signal created

By p4917
Updated
Looking on this weekly chart:
  • Price broke the triangle pattern to the upside
  • Price is over all moving averages
  • Looking at the last 10 years: Sartorius has a bullish seasonality until summer


Good trades, folks!
Note
As it turns out now point D of the triangle could be as well the current local high. So then the price would be still within the triangle:

snapshot

However, I keep my position open, because the cluster of moving averages should give the stock price at least some support. And the seasonality is still bullish. So we will see ...
Note
SL moved now a bit higher to 375 EUR
Trade closed manually
Closed manually to free some capital. The price moves not enough to stay in this trade any longer.
basictechnicalanalysisbullishbreakoutbullishtrianglegermanstockgermanstocksgermanstocksignalsMoving AveragessartoriusSeasonalityTriangleweeklytimeframeweeklytrader
p4917

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