jakilb
Long

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

XETR:1COV   COVESTRO AG O.N.
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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