alexwoe

Long Heidelberg Cemet

Long
alexwoe Updated   
XETR:HEI   HEIDELBERG MATERIALS
Comment:
Starting from 22nd of January it was falling below 200 SMA which enables 3 options:
1) It tries to push back again and consolidates in a closer triangle followed by a break through after some time.

1.1) It doesn't consolidate in a closer triangle and gets bullish after hitting the 66.50 flag.

2) The stock may fall down to it's first and second supporters (S1= 54,60€ & S2 = 52,70€) which are indicated by the trading volume. Afterwards it could try again to break the first the Volume R1= 60€ followed by R2 = 66,58€ flag.

Considering the MACD it could have a side trend and go with option 1.1.

This is just a personal idea and no recommendation.
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