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Varta

Trading Idea - #VARTA (Head+Shoulders formation)SELL ENTRY: 132.40 EUR TARGET: 83.55 EUR (37% profit) STOP: 154.45 EUR 1.) Technically a head and shoulders formation could form. 2.) 135.00 EUR is a significant resistance level. Rejection expected! 3.) As expected, the battery manufacturer's start to the year was weak. 4.) VARTA and Allgäu Batterie enter into partnership for lithium-ion battery packs. 5.) VARTA develops mobile energy packages for everything from headphones to car
XETR:VAR1Short
by Traderherz-Analytics
3
Varta Trendanalysis: What's next?Hello everyone, in this trading idea we are looking at XETR:VAR1 . The price is moving in an upwards trend with a recent correction back to the primary trendline. While the price took another approach to break above the MA 50 & MA 200 with an accumulation in a triangle pattern, we see that the bears took control of the price and we are aiming for the next support zone as a possible long entry. The price reacts very strong to the primary trendline. There's also a price gap to fill, which could lead to a potential short-term trend reversal right after. My potential buy-zone is located across the 110€ - 115€ level for a mid-term hold of at least 2 months. The current downwards movement seems to loose it's strength, as we can see on the RSI. Nonetheless, the sellers are not done yet. I will update this idea within the next days. Cheers, Ares
XETR:VAR1Long
by Anton_XBT