Prosiebensat 1 Media SE (€PSM)

Screen Shot 2017-04-18 at 6.27.49 pm

PSM is back to its rising support price line & its RSI also shows the same trend. This €9.45B market cap coy’s price pattern is showing a possible inverted head and shoulder bull pattern. A safer trade would be to wait for it to clear its Aug 2016 price of €41.60. Above that is quite an obvious gap fill to much higher prices.

 

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