Medium term view - PORSCHE : Prices are breaking below the moving average, it is a sign of weakness.
The support has been broken, the trend becomes negative as we now have a succession of descending peaks and troughs.The next target is at €46.10. The invalidation level is below €64.30.Arguments :
- The support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
Porsche Automobil Holding is an investment holding company. Co. is engaged in, among others, the development, design, manufacture and distribution of vehicles, engines and other technical or chemical products as well as parts and components; the provision of advice in the area of development and production, primarily in the area of vehicle and engine construction; the provision of advice on and development of data processing as well as the creation and distribution of data processing products; and the marketing of products using trademark rights. As of Dec 31 2013, Co.'s business activities were primarily holding and managing its investment in Volkswagen Aktiengesellschaft.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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