Hello everyone, this is something special!
Im looking at the chart from HeidelbergerDruck since a few months, because the company is a german one with a some quality handmade machines. They were founded in 1850 and their shares value fell during the 2008-2009 depression to the bottom where it is still. During some late researches they are optimistic that with...
This is a breakout out of the book!
look how nicely it formed!
we see a highest high to start from. And then it all goes according to what the textbook says:
"Price will form higher lows and lower highs, until it all collapses and just breaks out."
This is a pattern you should always keep in mind! It is sooo likely to happen, and more important, if you trade...
Dont know what to say, its just a beautiful chart in every way, and in my book its worth to risk money on such a setup.
Fundamentally i encourage you to make some research regarding this company, i personally think they can make a turnaround happen.
Looking for 2.60-2.50€ to enter with a stop below 2.20€ and targeting 4€.
Daily Chart on Heidelberger...