Entry: 74.50 EUR
Target: 88.00 EUR (+18%)
Stop: 71.00 EUR
1.) active upward trend since March 2020. "The trend is your friend!"
2.) after each consolidation the stock steps up aprox. 15%
3.) correction of the last upturn is finished by testing the "50% Fibonacci Retracement" level
4.) The increased margin outlook ( EBIT ) for the Mercedes Benz Cars & Vans division is encouraging.
5.) The clear upward cycle at the automaker continues. There is strong momentum in Mercedes Benz passenger cars in particular, but there is also an upward trend in commercial vehicles.