RetracementOnce again we have retraced the decline from 1st December 2022 until 8th March 2023. The previous highest retracement levels in January and March seem to be a strong resistance zone. The intact downward trend may continue from here.
0.66USD
368.09 MUSD
5.14 BUSD
About Symrise Ag
Sector
CEO
Jean-Yves Parisot
Headquarters
Holzminden
Website
Employees (FY)
12.33 K
Founded
2006
FIGI
BBG000SFYTG7
Symrise AG engages in the global supplier of fragrances, flavorings, cosmetic active ingredients and raw materials, as well as functional ingredients. It operates through the Scent and Care and Taste, Nutrition, and Health segments. The Scent and Care segment develops, produces and sells fragrance ingredients and compositions, cosmetic ingredients and mint flavors, as well as specific application processes for such substances. The Taste, Nutrition, and Health segment includes combined expertise and scientific research to offer customers and partners solutions in the areas of taste, nutrition and health that are unique, sustainable and based on natural ingredients. The company was founded in 2003 and is headquartered in Holzminden, Germany.
Symrise about to rise again?For taking a speculative long position you can assume that this triangle got broken to the top. At least we've reasched already the 50 % retracement mark of the last upward swing.
Correction BeginningWe have reached the rising support. As it seems that we may hold the line I am expecting an upward correction at least, if not even new highs.
RetracedToday we've got a new alltime high. The rise has retraced now intraday. This stock seems to be worth buying.
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