The stock has had difficult years. However, we see 2024 as a turnaround for the better. In recent weeks, the stock has sustainably broken the long-term downward trend. We view the increase as sustainable, in order to start a trend movement back north in the medium term.
Our main scenario foresees rising prices in the area of USD 200. We maintain this view as long as the stock trades above USD 123. However, a break of 115 would again release significant downside potential to USD 70.
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