Traderherz-Analytics

Trading Idea - #VARTA (the comeback)

Long
XETR:VAR1   VARTA AG
My trading idea for Varta - BUY Limit Order

Entry: 20.00 EUR
Target: 50 EUR (potential profit +150%)
StopLoss: 9.50 EUR

Varta in a dive. Analysts see the resignation of Herbert Schein as CEO as a new opportunity for recovery at Varta.
In the short term, the share price should fall further as volume declines are expected in the entertainment sector. The reason for this is the larger supplier line-up of the major customer Apple.

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