Carrier Global purchases the Viessmann Heat pumps unit. The market reacts very negative due to the high price but nevertheless the deal provides big business potential for the future. A opportunity to enter? The technical situation is not 100% supportive a seems more bearish than bullisch. Nevertheless, the price meets some important trend lines and supports, thus it may rebounce or even start a bottom for a future run. But there are also much rooms below if this zone/lines are broken.
Trade closed: target reached:
The broadening top worked with a bullish break out, all targets reached, no consolidation, one have to check if this another figure with bullish momentum or a double top, this is not clear recently.