The stock has been in a long-term bearish scenario. The bottom from 2002 has been reached again and until now, it acted as heavy support level. As a consequence this lead to the formation of a triangle which might be the starting point of a reversal move.
I pulled the trigger on this german stock. I am seeing very good potential in it.
After a multiyear downtrend which took it from 40€ to 8€ i believe we might be in for a correction, normally i dont like to pick bottoms, but this is a tasty R:R and the fundamentals are also increasingly promising.
+SGL Carbon was finally able to sell the final part of its losing...
