Munich Rueck held stable this year. Now we've seen the retracement of the rise since March by almost 38 %. However a further retracement is possible I consider the chance of a recovery from here. We have reached the bottom of the trading range which we are in since April and the current level of our favoured Moving Average.
I think the stock will reach its pre covid level verry soon.
I drew the bouncy ball scan on the chart. We have three lower lows, a strong support line and a strong uptrend. Additionally we have a cup with a handle. The handle is unfortunatelly not giving as much pullback as it would in a textbook example. But the steadily growing quartal erarnings and the todays...
Muench.Rueckvers - Xetra (MUV2) is in WXY wave pattern moving downside. X wave was complex double correction. Y down is started as A wave, wait for B wave to get into the trade.
The Pacific Ring of Fire is increasing in activity. The volcanic eruptions and earthquakes and their consequences such as tsunamis have increased significantly compared to the previous two years.
At the same time, the sun is in a solar minimum.
Huge sun holes at the North + South Pole and the equator seem to release relatively many solar winds.
Is there a...
