Thus we saw a 2+% jump after ER day, but got crumbled by bad future market leaving the 2 important supports 50 and 200 behind.
ALV trumbled months back in a short downtrend which still isn't completely out of fokus but the stock has proven to keep above the upper downtrendline even in a bigger market sell off.
The stock is currently valued at a PE ratio of 10, dividend of over 5% in 2019 and a future PEG ratio of 1,4 (sector at 4).
Average analyst rating of "overweight" (15Buy, 1 Ow, 12 Hold, 0Uw , 0S) and a PT of 215€. Fundamentally thus a strong stock.
So if you are not on , this is a good opertunity. It's main future, the DAX , is currently also in an oversold state.
Stop loss shouldn't be at 50, I set it at the upper downtrendline at 176€. TP at 219,50€. Additional TP could be set at 200€.
Note, this is a repost since first one was posted in a different language Tradingview