a_tale_of_bulls_and_bears

The 1. Chapter of Rheinmetall

Long
XETR:RHM   RHEINMETALL AG
2 areas marked (green rectangle) where i plan to buy for the long term. Not sure if those area will be reached with the current sentiment but i dont want to buy without a retrace.

+ aswell on a retake of the blue line as shown with the blue arrow

Targets:
Closing 20% of the position every 25% of stock increase

Fundamentals:
- Increase of military budget Germany + other NATO Nations
- War in the Ukraine



Comment:
Doesnt look like any of those scenarios will happening in the near future. Therefor idea closed. Currently looking for new scenarios for possible area for a long term buy.
Trade active:
On August 9 price went a little bit under the S/R level (blue line) but closed above it - therefor position was opened
Trade closed: target reached:
Closing half of the position at this level ~ +22% since the position was opened.

Also put a Stop-Loss for the remaining half a bit below this level at 200
Trade closed: target reached:
Last part of position closed ~ +40% gain
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