Traderherz-Analytics

Trading Idea - #VARTA (Head+Shoulders formation)

Short
XETR:VAR1   VARTA AG
SELL

ENTRY: 132.40 EUR
TARGET: 83.55 EUR (37% profit)
STOP: 154.45 EUR


1.) Technically a head and shoulders formation could form.

2.) 135.00 EUR is a significant resistance level. Rejection expected!

3.) As expected, the battery manufacturer's start to the year was weak.

4.) VARTA and Allgäu Batterie enter into partnership for lithium-ion battery packs.

5.) VARTA develops mobile energy packages for everything from headphones to car
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.