Allianz presented good earnings and left its extended sideways consolidation to the downside. I watch at several factors here to find a target.
First of all the 13 EMA crossed the longer 48 EMA which ends the uptrend that started in late 2016 and pulled trough the year 2017. A 24% correction should be the minimum which corresponds to a correction wave C extending...
Everything is possible always. Currently I am searching for stocks that are in sideways consolidation and have a short term Bollinger band reaching outside of the longer term Bollinger band. This gives me the possibility to position myself to play for a retracement to the opposite side of the channel and gives me a meaningful stop loss outside of the short term...
ALLIANZ : ALV
Allianz on the weekly chart ,
We have just broke above the 2007 high. this is a massive move for the stock, i would be a buyer of the stock , but not yet, i would like to see priced supported at this level first. on the watchlist for this quarter.
I think the price will move to 192.949 before a move back to 180.397 to test the breakout
Wait and...
As long the support zone around 154 is in place ALLIANZ, 8th largest DAX titel with a market cap of about 74 Mrd. we have the chance to reach the ATH @ 170.
If Allianz will even reacht highter levels....the sky the limit, and thsi would push DAX closer and even above his ATH @ 12.400.
We simply have to wait for it.
Trade would be possible with a SL @ about...
