Suedzucker continues its bullish rally to test new highs.

Regarding the fundamentals, firstly, we note the increase of sales recorded over the previous year.

Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 50-period, in daily data, and enclose the stock in a dynamic upward trend.

Exceeding the technical line at EUR 30.9 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of EUR 34. If investors reduce long-side exposure for profit-taking, a bearish trend would happen below EUR 29.5 and so this strategy would be invalidated.