Shootthestar

Going up but overbought right now

Long
XETR:DAI   DAIMLER AG NA O.N
Hi, so as you can see from my analysis, I have drawn in the trend line for the direction of movement. It is clearly visible that this stock is overbought and trying to recover too quickly, and I think we will see a short downside before we go long and aim towards recovery. Daimler is a very good company and I think it has room for more growth, but the Q2 reports are going to be disastrous and so, therefore, I think we will see a temporary sell-off.

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