The Daimler chart still looks weak and should continue to down trend. The first collection area is the 49 €uro. If these do not hold a sell off to 30 €uro is possible, which could then be a possible entry point for a long trade.
Daimler (DAI AG xetra) on a Daily Chart looks like the price complete a double bottom and it is in support zone from the weekly chart from a technical point of view.
It is possible that the price to rebound from support zone .
Daimler (DAI) from a technical point of view on weekly chart it is above a support zone and the price can get any direction .
From a investor point of view DAI is on a good price and if is getting cheaper is even better as a long term investment by taking in consideration dividends.
Fundamental data as we can find on different financial news , DAI is little...
I think the downward trend should stop somewhere between 44.70 to 48.16. two of the numbers confluent on this region. The RSI is also showing divergant for internal C wave structure. Should we wait for more confirmations or should we place our orders now?
DAIMLER close to a support zone with bullish divergence on the daily RSI... Fundamentals seem to be fine in my opinion... Greetings from Germany near the main production site... (Sindelfingen/Stuttgart)
European Automakers have been under pressure due to the Trump Tariff debacle. Fundamentally, these share are cheap (single digit PE and +6% Dividend Yields) in an expensive/all-time high world. Attractive risk/reward both technically and fundamentally.
In my opinion, Daimler DAID is at a good buying area at 57-58€. The new designs are great, the partnerships are good and the future outlook is also pretty stable.
15% Stop loss and at least 30% target.
So lets see where this might go to
May the markets be with us.
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