Deutsche Post 2Q beat estimates
The logistics company is gaining ground and posts new YTD highs after reporting second quarter sales that beat estimates.
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The logistics company is gaining ground and posts new YTD highs after reporting second quarter sales that beat estimates. Deutsche Post also confirmed its FY forecasts.
Fro a chartist point of view, the stock trades into a bullish channel drawn since Mid-March. Both 20 and 50-day MAs are well oriented while the RSI is maintaining a positive trend above 50. As long as 33.9E is not broken, further upside is expected towards 39.9E (all-time closing high) as first target and then 42.5E (Fibonacci projection in extension).
Fro a chartist point of view, the stock trades into a bullish channel drawn since Mid-March. Both 20 and 50-day MAs are well oriented while the RSI is maintaining a positive trend above 50. As long as 33.9E is not broken, further upside is expected towards 39.9E (all-time closing high) as first target and then 42.5E (Fibonacci projection in extension).
Source : TradingView, Gain Capital
The logistics company is gaining ground and posts new YTD highs after reporting second quarter sales that beat estimates. Deutsche Post also confirmed its FY forecasts.
Fro a chartist point of view, the stock trades into a bullish channel drawn since Mid-March. Both 20 and 50-day MAs are well oriented while the RSI is maintaining a positive trend above 50. As long as 33.9E is not broken, further upside is expected towards 39.9E (all-time closing high) as first target and then 42.5E (Fibonacci projection in extension).
Fro a chartist point of view, the stock trades into a bullish channel drawn since Mid-March. Both 20 and 50-day MAs are well oriented while the RSI is maintaining a positive trend above 50. As long as 33.9E is not broken, further upside is expected towards 39.9E (all-time closing high) as first target and then 42.5E (Fibonacci projection in extension).
Source : TradingView, Gain Capital
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