RWE shares facing further price slide: Financial expert recommends short position with open-end turbo warrant

RWE shares facing further price slide: Financial expert recommends short position with open-end turbo warrant

According to a report by www.finanzen.net, RWE shares have been in a correction since their high of EUR 42.33 on December 14th. Things have continued to deteriorate in recent weeks and another long-term sell signal could be imminent. The shares have fallen below important supports, which indicates that prices will continue to fall. There is also bearish overlap in the moving averages, and stocks are trending right at the lower boundary of the rising Ichimoku cloud on the daily chart.

This development suggests that RWE shares could continue to move downwards. As a result, there could be a short opportunity on RWE shares. This could have an impact on the market as investors speculating on falling prices would open corresponding positions. This could also have an impact on the consumer, especially if RWE acts as an energy supplier and the share price development affects pricing.

The trading idea suggests taking a short position with an open-end turbo warrant from Bank Vontobel. The price target is in the area of ​​33.50 euros, with a stop at 40.00 euros. This recommendation could affect the trading volume and volatility of RWE shares as investors conduct corresponding trading activities.

Overall, the analysis points to continued difficult times for RWE shares, and investors should monitor further developments carefully.