Stock market expert: Analysis & forecast for Sartorius shares after further rise and gap-up

Stock market expert: Analysis & forecast for Sartorius shares after further rise and gap-up

According to a report by www.finanzen.net, a bearish signal appears for Sartorius shares. After a strong rise and a gap-up today, a very bearish daily candle has formed with a small candle body and a long upper shadow. Massive overboughtness suggests stocks are about to undergo a correction.

According to the report, Sartorius shares should face a correction as long as today's high of EUR 341.30 is not exceeded. The price target for a possible correction is initially 324.40 euros and today's gap is 323.20 euros. If the price continues to fall, a return to the 10-EMA at 308.29 euros could be expected. However, it is emphasized that only a correction in the uptrend and not a trend change from long to short can be expected. After the expected correction, prices are expected to continue rising.

The trading idea from the report suggests speculating on a high in Sartorius shares and a short retracement. A short position with a Best Unlimited Open End Turbo (SV8NMX) from Société Générale is recommended, with a price target in the area around 324.00 euros and a stop at 345.00 euros.

In view of this information, a correction in Sartorius share prices could be expected in the near future. This could potentially impact investors and the market as a whole. It is important to continue to monitor developments in order to make informed investment decisions.