Get started
MarketIntel

Porsche Holding: Bottom formation 🔄

Long
PORSCHE AUTOMOBIL HOLDING SE (XETR_DLY:PAH3)  
MarketIntel  
XETR_DLY:PAH3   PORSCHE AUTOMOBIL HOLDING SE
Trend Analysis Chart Patterns Wave Analysis porsche porscheholding PAH3 DAX Index german chartanalysis waveanalyses
4
0
trendanalysis chartpattern waveanalysis porsche porscheholding pah3 dax german chartanalysis waveanalyses
The Porsche Holding share price is approaching the 78.60% retracement of the magenta target zone between €56.44 and €36.61. Here, we expect the low of the magenta wave 2, which has been dragging on since 2021. With the low formed, a reversal should then take place, and the price should rise well above the resistance at 60.18€.

Related Ideas

MarketIntel
Porsche: Ready to Race?
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.