Allianz just announced excellent quarterly Earnings over analysts expectations and good guidance.
Thus we saw a 2+% jump after ER day, but got crumbled by bad future market leaving the 2 important supports EMA 50 and SMA 200 behind.
ALV trumbled months back in a short downtrend which still isn't completely out of fokus but the stock has proven to keep above the...
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