The ongoing war in Ukraine has driven Rheinmetall's stock to new record highs since 2022. Today, unexpectedly aggressive remarks from French President Macron led to a volatility explosion, which could signal the end of the uptrend. Year-to-date, the German arms manufacturer's stock has risen by more than 72%. A double top formation is evident in the OBV, which is...
We have just added a new position (RHM) to our 'Growth, Momentum and Innovation' portfolio with 11% of total equity.
Here is the link to our updated portfolio, which is up > 18% in the last month:
www.tradingview.com
Technical Analysis According to Minervini’s Principles
Trend: Rheinmetall's stock should be evaluated against the major moving averages....
Overview
Rheinmetall had a great run specially fueled by the war in Ukraine. With an additional crisis forming in the Middle East i can see the price going further up. From a chart point we see that the current resistance (100% Fib Line) was 2 times pierced (yellow circle) but price never really broke it.
The Buy zone is based on the confluence of the 50% Fib...
After briefly dipping below the turquoise target range of €245.60 to €228.40, Rheinmetall's stock price has rebounded into this zone. We now believe it has set the low for the magenta wave (iv at this point. Consequently, a substantial increase to €320 is anticipated.
2 areas marked (green rectangle) where i plan to buy for the long term. Not sure if those area will be reached with the current sentiment but i dont want to buy without a retrace.
+ aswell on a retake of the blue line as shown with the blue arrow
Targets:
Closing 20% of the position every 25% of stock increase
Fundamentals:
- Increase of military budget...
Rheinmetall looks bullish for couple of next decades. If no extension, it looks like it passed middle of its projected growth. Since I am from Ukraine this picture looks horrendous.
Huge leep was made on 28th of February, 4 days after the invasion. Not on 24th. Perhaps, after "smart money" understood that it is not a 3 days conflict and RHM production will be in...
The ascending triangle points to a potential increase in the value of Rheinmetall's stock. These indicators include a bullish trend in the stock's price over the past several months, positive momentum, and strong support levels. Additionally, historical data shows that Rheinmetall's stock tends to perform well during times of military threats or escalations, which...
Uptrend
As you see, chart has started new uptrend after passing of this S/R level by a good bullish candle. It's triggered and i suppose 140 can be a good place for setting SL.
Hello dear Traders,
Here is my idea for #RHM
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support...
$RHM Breakout in 1h Chart on above average volume after consolidation phase - Target 226€
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
On August 05, 2021 there will be the Q2 2021 Earnings Release. Rheinmetall has won a major order from the German Bundeswehr in the armoured vehicle domain (Puma Infantry FV), representing sales volume of well over half a billion euros. We still believe that the company can represent a good financial diversification of the portfolio, with an entry of around 76.00 euro.
On 18 March there will be the annual report. The Defence segment offers vehicle, infantry equipment, protection and weapon systems, air defense systems, function sequence networking as well as simulation hardware and software. The Automotive segment supplies engine blocks, plain bearings and pistons.
