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.

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