NDD46

BnR Pattern at MTU

NDD46 Updated   
XETR:MTX   MTU AERO ENGINES AG
The news with respect to the turbine issue induces a sharp price slump. In the chart we have all characteristics of an BnR pattern with a downmove of one channel . Recently, also the price has reached and taken the minimum Fibo Retracement which is a necessary condition for a local bottom
Comment:
Still valid, also the upper target is decreasing
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