Trading Idea - Norma GroupThere are 2 possible scenarios. LONG goes to 51.00 EUR, SHORT goes down to 35.00 EUR!
I am more bullish here! So LONG we go!
ENTRY: 45.22 EUR
TARGET: 51.00 EUR (+13% profit)
STOP: 42.30 EUR
Norma Group SE is a German manufacturer of technical connection technology. The company focuses on three product categories: clamps, connectors and fluidics.
1.) From a market point of view of the 1 hour time units, the share is above the support at EUR 39.20, which could mean rising prices.
2.) Connection technology specialist Norma benefits from market recovery
3.) According to initial estimates, the first quarter was excellent at Norma.
