Trading idea: Allianz shares in an upward trend - is it worth getting started?

Trading idea: Allianz shares in an upward trend - is it worth getting started?

According to a report by www.finanzen.net Allianz shares are currently in an upward movement, having reached a low of EUR 215.75. Corrections around the 200 EMA have so far hovered around the 10 EMA, and the overall uptrend remains intact. According to the report, the shares should start in the area around the 10 EMA and turn upwards again, which means that a further run-up to the historical high at EUR 246.25 can be expected. If the current correction extends, a further retracement to the support at 235 euros would be expected.

From an expert perspective, these developments could have a positive impact on the market and the industry. A further run-up of Allianz shares up to 250 euros could strengthen investor confidence and increase the overall attractiveness of the insurance sector. Additionally, the stability of the overall uptrend could increase confidence in Allianz as a company, which could have a positive impact on consumers.

However, it is important to note that investing in stocks involves risks and detailed analysis and advice from financial experts is strongly recommended before making any investment decision.