Traderherz-Analytics

Trading Idea - Daimler AG

Long
XETR:DAI   DAIMLER AG NA O.N
Buy

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.
Trade closed: stop reached

Comments

I agree on being bullish. Especially for long term. I think you were just little too early and set tight stop. But this happens once in a while to everyone, so no stress.

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Interesting Idea based on technical analysis + fundamental considerations. Great!!
Reply
@DavidIusow, thanks!
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