Beiersdorf AG (€BEI)

Long term chart:

Screen Shot 2017-04-13 at 5.03.28 pm

Short term chart:

Screen Shot 2017-04-18 at 6.09.06 pm

Beiersdorf is the maker of Nivea, Eucerin and many other well known skincare products. Recently it has hit new historic highs & the question is will it continue its uptrend. Short term trend support is about €89.50, & its better to wait for a pullback to around price before going long, or shorting it if it breaks below short term support. Mid term long target is about €98.50, about 8% from current levels. It next reports earnings on 27 April 2017.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s