Covestro (1COV) bullishCorrection seem over and wave 2 finalized
Now wave 3 of (3) seems to have started
Bullish till end of 2022 according to this analysis
Covestro
The game is not over for covestroFriday bear run looks scary but I am optimistic about the paper and I would like to see the break of the ceiling. No targets since the bigger picture is set for something significant.
Buy Now CovestroAll my EMA´s are about to break through. So there will be a chance to take profits.
Bye
Covestro A.G. - interesting levels to watchCovestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Price is at an interesting juntion. Since the recovery of price from pandemic levels, the price has rocketed up. Along the way, price has touched/breached the 50-day MA - four times so far, including now (since march 15). The RSI is 45.10. If price can push above the 50-day MA (ca. > 58), then bullish scenario should be intact, and price continue to retest recent high of ca. 62 - 63, then 67-68. If 58 is not regained, then the next level would be around 51. Keen to know what others think. Please leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
