INFINEON Bullish Momentum --> 40.00 EUR (Buy & Hold < 12 Months)
Infineon is undervalued at present and shows upside momentum in the long-term. Stock might follow a negative trajectory in the next weeks but eventually should pick up positive momentum in the second half of 2024. Target price for this trade is somewhere around 40.00 EUR which will be most likely accomplished until the first half of 2025.
Trade closed: target reached
New TP set to 36.00 EUR due to reevaluation of momentum.Otherwise, move SL to entry (34.00 EUR) and take partial profit.
If you have a higher risk affinity, move SL to entry (34.00 EUR) and stick to TP at 40.00 EUR.
GLHF!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.