Indicators suggest that there is a massive decline we don't see in the markets yet. If we have a look to the downside of the chart we can go to at least 127 euros. The stock was overbought and the news that the European Commission is going to punish the German car makers is worser than the market thinks at this time: the history shows a small recovery and less amercement than expected. In these charts I will give you more information about this trade.
Trade active:
I bought this short @ 1,51. DE000CX82KC6
Comment:
The indicators signal a further decline!
Comment:
With the end of the increasing price, the momentum is going to set from positive to negative.
Comment:
The long term momentum is positive so most investors believe in a recovery of the share price, but it's not.
Comment:
The stronger euro/dollar is a catalyst for further declines and also for the Dax!
Trade closed: target reached:
I took some 35% profit of the decline ;)