Deutsche Post – Rally meets hurdle

The share of German Post (WKN: 555200) had shown a dynamic rally in March 2020, starting from the Corona crash low of EUR 19.10. This upswing carried the stock of the logistics group to an all-time high of EUR 61.38, which was recorded in August 2021. Since then it has been moving in one primary downtrend. The value was last posted on September 28th Low at EUR 29.68 and initiated one recovery rally. As part of a second upwave the listing reached a significant yesterday resistance cluster. Among other things, it results from the 38.2% Fibonacci retracement of the last wave down from the August high, the downward gap from September 16 and the falling 50-day moving average. A sustained increase over this up EUR 35.70 A reaching zone at the end of the day is necessary for the technical starting position to improve significantly in the short to medium-term time frame. If successful, further course advances in the direction of first EUR 37.00/37.20 and EUR 37.71/38.00 become possible. Above that, the focus would be on the falling 200-day line at currently EUR 40.48. The long-term downward trend would only be broken above EUR 42.68. If the stock fails the current hurdle, it would slide below EUR 32.85 send a first warning signal to the bulls. Immediately bearish it would fall below the support zone again 31.18-31.86 EUR. Subsequent sell signals would arise below EUR 30.48 and EUR 29.68 with a possible next target at EUR 28.90/EUR 29.08.

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