For a few days now, the stock has been consolidating at a high level. In our main scenario, we expect a relatively direct further increase into the large resistance area of EUR 31-32. This would correspond to a further 9% potential.
However, the air for the Zalando share will then become very thin, and a significant rebound to the south is expected. Whether this is only temporary and leads in the direction of EUR 27.5 or whether the long-term bear market in this share reasserts itself remains to be analytically evaluated in the following weeks.
The bulls are still in the driving seat and still have some way to go.
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