Descending Broadening Wedge pattern mid-term targets: 1) 5.6 2) 6,5 3) 11
Today German Government will probably agreed over bailout package to take 25-30% direct equity stake + 8 billion euro financing to support Uniper. Should we see a bottom? Who knows, surely weekly close can give us an hint.
..in Germany. Uniper collapses after market. Company is in talks with the German government about liquidity measures.
Even though I don't like to enter in the middle of a movement, here we have the chance for a good spike to the top. I will enter my position right now, only a small one, since we are in the middle of a movement. But I don't want to miss this one. I will only take one swing so far.