Porsche about to break out and go downI see Porsche breaking out and going down from here. Maybe 1-2% more upside but eventually we see a trend reversal unfolding
Porsche911
Porsche: Ready to Race?Instead of stepping on the gas pedal, the Porsche stock corrected as soon as it touched our tourqoise target zone. We predict that the course continues to drop into the red zone between 56.44€ and 44.06€, until it completes the red wave (2). Following the correction, the trend should head towards the resistance at 69.20€.
In an alternative scenario with a 35% chance, the Porsche stock has the opportunity to push for a rapid turnaround now and exceed the 69.20€ resistance mark to gain further pace on the upper side.
Porsche 8% profitNew projects are always very uncertain, but easy to identify patterns lead you to easy profits
Accumulation speaks for itself.
