Porsche - rally like it's 2017/18?Porsche AG, is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans. The Porsche chart is ultra-bullish, the share price being in breakout mode since mid-Feb 2021 from 62.12. The RSI is in overbought territory, the green Heikin-Ashi candles are getting smaller. This latter condition indicates that the breakout is loosing momentum, and the price may correct. The price is already nearly 10% above the last pre-Corona pandemic high around 70.54. The question is though, will Porsche repeat the 2017/18 rally? The price during end 2017 to early 2018 was also in a long up-swing, with smaller corrections on the way up. If this is a repeat of the same cycle, then smaller corrections on the up-cycle can be expected. Keen to know what others think. Please leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
