July was quite a month. Who thought it would be such a good month after the bad June. After all the DAX increased by 3.7% overall despite of the terrible performance of K+S AG with -34.58% and certainly better than DOW with 3.3%. Volkswagen, 13.72%, HeidelbergerCement, 11.27%, Continental, 15.63% and Daimler with 11.63% were able to push the DAX up to the north and covered the terrible performance of others.
I wrote in my blog on July 7th to buy Volkswagen and the price increased by 16.22% until the end of July. The first days in August the trend continued but the stock is now in the overpriced area and I expect a short correction. But the overall trend is looking good and a positive trend will hopefully continue for some more days. There is no sign of a sell signal, let it run.
I also wrote to buy HeidelbergerCement on July 14th and they increased since than by 8.82%. It looks like a few investors cashed in during the last two days but the overall picture is looking good. The ADX is meanwhile by healthy 38, MACD is still far open, let it run.
What is new for August? I missed in July Muenchner Rueck. The stock developed early July a buy signal but all the other indicators did not support it . July 17th the stock got the support but I missed it. The stock was falling out of his positive trend channel end of May and was able to get to the lower end of his channel last Friday. All indicators are looking promising and we can expect the stock will continue to go through his channel to the north. Back in game.
Lanxess and BMW did have last week a clear sell signal confirmed by other indicators.
But as always: just my 5 cents
Lanxess and BMW did have last week a clear sell signal confirmed by other indicators.
But as always: just my 5 cents
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