meszaros
Short

OSRAM profit warning...

XETR:OSR   OSRAM LICHT AG NA O.N
OSRAM profit warning. The exchange rate is ahead of a significant drop . Based on a technical picture it is a part of a second wave of downward wave structure. The decreasing movement target price is 38usd. From this level a rebound to the expected level of 52usd. Then a repeated fall. Subsequently, it is a very slow and volatile ascending phase.

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