AIXTRON SE : The correction could continue
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€9 | €0 | €9.42 | +100% |
The fundamental situation of the company remains fragile. Currently, the company is trading 3.3 times its sales, which is still an important valuation for the company.
Graphically, we can see that the stock is in a bearish trend with decreasing moving averages, which serve as slant resistance. The security is moving towards EUR 8.69 in daily data, the next support area.
Investors could take a short position to target the EUR 8.69 support and the the EUR 8 support. A stop loss is placed above the EUR 9.28 resistance, threshold that would invalidate the bearish strategy.