Symmetrical triangle.
Breaking up or down is both possible.
In case of breaking downwards, the PT would be lower than resistance, which could result in a massive sellout of the stock.
Most probably the quarterly results will decide over the direction the stock will follow.
After the DMP Stock touched and rebounced from it's 52-Week support at 36,00€, it is now creating a broadening rising wedge formation. As from market perspective, this formation can be attributed to high uncertainty as well as worsening growth perspective for the Euro-Zone.
Mid-term perspective for the stock is bearish. Rising broadening wedge will most probably...
