CONTINENTAL (CON) | Old Strong Resistance Level Becomes Support.
Hi,
Continental Aktiengesellschaft (CON) develops products, systems, and services for customers in various industries worldwide. The company operates through Chassis & Safety, Powertrain, Interior, Tires, and ContiTech segments.
The undervalued stock price will indicate an increase from $90-$100:
1) Old clean resistance levels start to act as a support level.
2) Monthly 200 Moving Average should act as a support level.
3) The round number $100 adding strength to the marked area.
4) Fibonacci Retracement 62%.
5) The minor trendline should work as a support level.
6) Slight RSI DIvergence.
Definitely, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
Continental Aktiengesellschaft (CON) develops products, systems, and services for customers in various industries worldwide. The company operates through Chassis & Safety, Powertrain, Interior, Tires, and ContiTech segments.
The undervalued stock price will indicate an increase from $90-$100:
1) Old clean resistance levels start to act as a support level.
2) Monthly 200 Moving Average should act as a support level.
3) The round number $100 adding strength to the marked area.
4) Fibonacci Retracement 62%.
5) The minor trendline should work as a support level.
6) Slight RSI DIvergence.
Definitely, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
