Read this article here
Now, just because Alibaba took a stake in Dufry does not mean the latter is going to fly off its hook and skyrocket in its share price.
I see 3 scenarios moving forward :
1. The price remain in a range bound action as it has done so since mid March. This injection of capital might be the catalyst for it to break out of the box and hit...
DUFN breaking out of a falling wedge. Would have like to have seen a retest, but it is taking off. R/R looks favorable at well.
This is not financial advise, merely my opinion on the market sentiment
SHORT Dufry around the upper blue Box (28.3 -28.68) when you have the second confirmation of the resistance. watch the 5min intervall beside the 30 min and look for reserval candles.
Target 1 26.03
Target 2 24-24.5
