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monolith_r

Covestro broke out of downtrend and likely to continue up! 1COV

Long
COVESTRO AG O.N. (XETR:1COV)  
monolith_r  
XETR:1COV   COVESTRO AG O.N.
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
It successfully broke out of the downtrend and tries to push higher. For a parabolic move higher we need to break the red line above. Key support is the purple trend line. Be careful backtest of the upper line of the downtrend likely if it breaks (purple) support or bad news! Have a great DAY and GAINS
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