The End of the Bear Market Rally
XETR:MBG MERCEDES BENZ GROUP AG
MBG has reached its upper-range channel. Based on this channel, if MBG could reach the next upper channel, it would record a higher high. That is unlikely to happen with the current energy prices Germany has to pay. My view is that MBG has already reached its secondary peak. MBG will soon be entering a prominent bear market.