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lastestSamurai

EUCAR has broken a multi year downward trend with huge volume

Long
lastestSamurai Updated   
EURONEXT:EUCAR   None
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
The chart shows the current idea I am trading.
Trade active:
EUCAR is 50%+ up from my entry. Considering following factors there could be more upside:
- High vaccination rate and travels restarting
- Recent news about Volkswagen takeover bid

0.50 will offer some resistance.

This is just my opinion not a trading advice. #DYOR
Comment:
Price got rejected at 0.50 and slowly inching back to test the resistance again. If it clears 0.50 the next resistance at ~72.5
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