Since July, the stock has been consolidating. After forming an all-time high at USD 468.35, the stock fell by almost 18 %. Since the low for the year on August 5, the stock has recovered and is now building up pressure. Our main scenario envisages a new attack on the area around USD 441. We expect a sustained break of this zone and expect a run on the all-time high within the next few weeks. If this area also falls, there is room on the upside to USD 540!
Only below USD 410 can the bears continue to hope. Price losses down to the USD 350 area could follow.
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