Cenkson

Cup & Handle Reversal

Long
XETR:WIB   WIENERBERGER
I discovered a potential cup and handle reversal with an entry point between 32-34 euro depending on positive momentum (if volume increases per day consecutively). Exit around 40 euro before publication of annual earnings - however, if the fundamental analysis looks great (increasing ebitda, increasing number of employees, no supply chain problems regarding resources etc) I recommend to set the exit somewhere near to 45 euros.