Possible Final Rally?

RHM is in a steady upward trend, but in early February both price and volume rose sharply to around 1200 EUR. Since then, there’s been a drop in price and volume that may continue to develop. We haven’t seen a final rally yet, but it could be on the horizon. At the very least, it appears we’ll see a correction of some significance.

Volume balance is positive, which strengthens the stock. However, RSI21 is above 70, indicating the stock is overbought according to classic technical analysis. This factor weakens the near-term outlook.

From a fundamental perspective, I believe the stock is a good buy if the price comes down, both in the short and long term. Europe must rearm and produce its own weapons so it isn’t dependent on unpredictable politicians outside of Europe.

Disclaimer: I have no position in RHM.