Another week went by and it is time to check how the stock performed.
I was right to blew the whistle last weekend. For 8 days the stock value dropped. The stock went out of the trend channel. Do we have a general change and the share will change the direction? I do not know.
On Friday the price increased by 2.48% and tipped the lower end of the positive trend channel again. This increase was far more than the increase of the DAX index by 0.40%. But can the stock recover and will continue to increase, to go back into the positive trend? I am not sure but as I said in the long run I am bullish for this paper. But last week was awful. A decrease by 2.24% vs 1.54% decrease of the DAX.
We will see how the DAX will perform on Monday. Friday was a follow up on US stock market of Thursday. But on Friday the US market did not go very well and we might see again a follow up and the DAX index will go south.
But as always: just my 5 cents....
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