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Trading idea for MorphoSys: Short position with Turbo Bear Open End from HVB
According to a report from www.finanzen.net, MorphoSys shares have risen sharply since their low in November and have started the countermovement. It is expected that the shares could possibly move lower in the area of the 10-EMA on the daily chart around EUR 19.93 and experience another retracement. MorphoSys could now be facing a corresponding countermovement after the sharp price decline. Analysis so far suggests that a bearish daily candle at the 10 EMA indicates possible weakness and a trend high, which could lead to a possible retracement. It is recommended to enter a short position with small leverage above the open...
Trading idea for MorphoSys: Short position with Turbo Bear Open End from HVB
According to a report by www.finanzen.net, MorphoSys shares have risen sharply since their low in November and have started the countermovement. It is expected that the shares could possibly move lower in the area of the 10-EMA on the daily chart around EUR 19.93 and experience another retracement.
MorphoSys could now be facing a corresponding countermovement after the sharp price decline.
Analysis so far suggests that a bearish daily candle at the 10 EMA indicates possible weakness and a trend high, which could lead to a possible retracement. It is recommended to take a short position with small leverage, hedged above the open gap.
The article suggests taking a short position on the shares with a Turbo Bear Open End of HVB, with a price target at 17.00 euros and a stop at 22.00 euros.
From an economic perspective, these developments could lead to a significant course correction that would impact the market, consumers and the industry. Investors and traders should closely monitor current developments and adapt their investment strategy accordingly.
Read the source article at www.finanzen.net