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Zalando

Zalando: Final Stage 🏁Zalando's stock price retreated last week, so we consider the high of the magenta wave (iv) to have been reached. We therefore locate the price in the last stage of the gray wave II and expect a descent to the green Target Zone between €18.71 and €10.40 before this movement is completed. Long entries could be made here. However, there is also a 30% probable alternative, which would see a further rise should the price exceed the resistance at €26.40.
XETR:ZALLong
by MarketIntel
ZALANDO share price analysis - rather weak in the medium term!Hello dear readers, Teaser: Purchase 🔼 from insiders Volume: € 39.88 m Market capitalisation: € 22 bn Potential: Short Insiders have been making decent moves on ZALANDO lately. In the long term, this may be a good idea, but what about the short term? Can we possibly get even better entry prices? Chart-technical assessment - The share price has been showing slight weakness for some time. The price has left the major trend channel to the downside. - The current consolidation is developing below the trend channel in the form of a pennant. This formation is considered a trend continuation formation and thus supports the medium-term prospect of further falling prices. - Wave E has been completed and thus a breakout on the downside should be imminent in the next few days. The plan - As long as the pennant is not exited to the downside, I do not expect prices to fall further "yet". - However, should the formation be exited to the downside, I would like to establish a long position at the price target of this formation, at around 64 points. - Updates on this idea will follow as soon as facts have been created here. If you want to support my work I would be happy about a Like & Follow 🙏 Best regards & success! Chartdigger
XETR:ZALShort
by CRV_Trader