Carl Zeiss Meditec AG : Wait the breakout of the resistance
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€22.47 | €22.9 | €21.05 | +1.94% |
Regarding the fundamentals, firstly, we note the increase of sales recorded over the previous year.
Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward EUR 22.9 and would give a strong buying signal if the crossing is confirmed in daily closing.
Given these elements, most active investors could take a buy position near EUR 21.95 to target EUR 22.9 resistance for a new bullish signal. A stop loss is placed below the EUR 21.2 short term support, threshold that would invalidate the bullish strategy.