The Daimler chart still looks weak and should continue to down trend. The first collection area is the 49 €uro. If these do not hold a sell off to 30 €uro is possible, which could then be a possible entry point for a long trade.
In my opinion, Daimler DAID is at a good buying area at 57-58€. The new designs are great, the partnerships are good and the future outlook is also pretty stable.
15% Stop loss and at least 30% target.
So lets see where this might go to
May the markets be with us.
follow me on twitter @derfreietrader
Pretty nice opportunity on german equity market. Daimler's dalily chart shows growing bull's volume, a hammer and a triangle pattern. All togheter these three elements indicate that a bull trend is soon coming, even for the long term.
Looking for a bull move into 160€+
This double bottom is looking promising and its worth a long position.
I am buying a dip around 136/135€ around the 200 DMA with a stop below 130€ targeting 160€+.
Blessings to you all.