Daeubner: Semperit - Buy it while it's hot

As of today, Semperit broke out of its secondary downtrend. Notice that the support line of the uptrend has never been tested before - and this might actually be the first bounce off the support line. But assuming that trend lines run parallel, the resistance line gives a good indication of where support might be. Hence, the stopp-loss needs to be placed below €26 in order to account for possible volatility within the next few days. Still, Semperit is a strong buy and if it gains enough momentum over the next few trading days it might even reach €32 within a short time. As always, this is a momentum play - and suits technically oriented investors.