Strategy published on : 03/20/2017 | 09:16
long trade under conditionTarget price hit
Entry price : 105.5€
Target : 110€
Stop-loss : 103.25€
Cancellation Level : 103€
Potential : 4.27%
An exit from the recently observed accumulation phase to the upside could allow for the assumption that a clear upward trend is re-established with an increase in volatility.
Investors should benefit from the breakout of the € 105.5 level to target the € 110.
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
● The company shows low valuation levels, with an enterprise value at 0.77 times its sales.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 98.4 EUR
● According to forecast, a sluggish sales growth is expected for the next fiscal years.