monolith_r

1COV - underside support line from former breakout

XETR:1COV   COVESTRO AG O.N.
After this relatively big earnings sell off I am expecting a bounce from the {purple} support line, that has held well since the breakout from the falling channel a couple of months ago. Today (02.05.19) we breached this support line on the close, nonetheless I still think it will respect this underside resistance (at least short term). Compared to competitors the P/E ratio is very low at the moment, wich further supports my thesis of a short term bounce - if investors get their minds together.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.