Fresenius Medical Care AG : Significant support
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€51.93 | €0 | €50.6 | -100% |
The share has a bearish configuration below the EUR 52.5 resistance. Nevertheless, the potential drop is limited by the support area located at EUR 51.3 with two moving average (20 and 50-day). This level is tested for several trading sessions and have contained the downward trend, which reinforce their technical significance.
Considering these elements, the timing seems appropriate to buy the share. We will benefit from the support to anticipate a return at EUR 54.35. A stop loss will be set at EUR 50.6.