MBG/N trade ideas
Mercedes about to drive down.Hello friends,
on the weekly scale we see a head and shoulders pattern (which is not confirmed yet) . The right shoulder may take some weeks to develope but if completed you should see a down move, around 39,00€.
A strong bearish weekly close below the "neckline" is an short signal.
🤞
MERCEDES BENZ GROUP (SELL)Head and shoulders already formed, we are waiting for the break of the line (or zone) of 56.25 EUR and the pull-back and we will see.
Mercedes-Benz A cyclical Stock. Similiar to a sinus curve.
A recession ist coming, I am short.
This is no financial advice.
Daimler in Bullish configurationDaimler is currently in excellent configuration, the price has drawn a "cup and handle" pattern, the pullback already occured and the break of the neckline is validated. All the elements are there for a bullish rallye. Taeget is 92€ (25%)
