DHL Group : A rally could take place
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€23.94 | €0 | €22.9 | -100% |
Currently, the stock is oversold and, in the mid-term, is trading in a bearish trend. In the short term, this trend is reversed upon contact with the EUR 23.6 area. Deutsche Post should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards EUR 26.15.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Deutsche Post in a good timing. The potential gain is around 9%. Investors might place a stop loss order at EUR 22.9 in order to avoid important losses.