Allianz has started 2023 very positively. First quarter results are solid, shares buyback has been announced, together with a good 5% ish dividend and further investments. I am looking at entering a long position for the long-term. In case of short-term downfall (1 or 2 years from now), there will be possibility of cost-averaging the position.
If you want to swing trade this stock, I would wait for confirmation of a breakout of the 230 level, or wait for a possible retracement to 180. Keep your risk management in check.