Kardex Holding AG : Below a major resistance level
| Entry price | Target | Stop-loss | Potential |
|---|
|
CHF 93 |
CHF 87.5 |
CHF 97 |
+5.91% |
|---|
The price of shares in Kardex AG is close to a major medium term resistance level around 99.55 CHF. A correction phase over the short term appears to be the logical outcome.
Summary● In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● The company is one of the best yield companies with high dividend expectations.
● The tendency within the weekly time frame is positive above the technical support level at 79.65 CHF
● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● Technically, the stock approaches a strong medium-term resistance at CHF 99.55.
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KARDEX HOLDING AG 
