The share of Fresenius SE (WKN: 578560) had an all-time high in 2017 at EUR 80.07 bear market started, which is still intact. She last recorded one last Friday 11-year low at EUR 19.69 and thus approached a relevant long-term support to within a few cents. The above established multi-day congestion zone was in yesterday’s trade dynamically leave up. Accompanied by very high trading volumethe share certificate rallied at the top to one 4-week high at EUR 23.18, before significant profit-taking began. The technical focus is now on the resistance zone that has been reached 22.98-23.90 EUR. A daily close above is needed to significantly brighten the medium term picture and a push to the more significant hurdle 26.30-27.20 EUR to allow. The overriding downward trend would remain intact in this case as well. Looking at the bottom, the support is at 19.60-19.69 EUR critical. Its sustained breach would send a bearish follow-up signal with possible next catchment areas EUR 19.05/19.17 and EUR 18.23/18.41.