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.
Symrise AG
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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.
