It is weekend and I have some time to look what is going on on the stock market of Old Germany. I looked up the DAX titles and I my eyes catches MAN.
MAN is no doubts in an decreasing channel since April. But I think currently the line bounced back from the lower channel border and we can expect a run until the upper border of the channel by roundabout 80 Euros.
How are the indicators? Right, first of all the SAR created a few days ago a buy signal. RSI is with 60 not expensive, PVI is increasing, MACD is crossing the signal line under the 0-line, +DI is crossing -DI from the south and finally the ADX has a value of 37. Overall it does not look bad.
MAN is no doubts in an decreasing channel since April. But I think currently the line bounced back from the lower channel border and we can expect a run until the upper border of the channel by roundabout 80 Euros.
How are the indicators? Right, first of all the SAR created a few days ago a buy signal. RSI is with 60 not expensive, PVI is increasing, MACD is crossing the signal line under the 0-line, +DI is crossing -DI from the south and finally the ADX has a value of 37. Overall it does not look bad.
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