Everything is possible always. Currently I am searching for stocks that are in sideways consolidation and have a short term Bollinger band reaching outside of the longer term Bollinger band. This gives me the possibility to position myself to play for a retracement to the opposite side of the channel and gives me a meaningful stop loss outside of the short term Bollinger band. The Allianz stock seems to be a perfect candiate for this to work on. Sideways consolidation for some time now, but always stopped by strong buy orders around the channel bottom. Currently the volume is declining, after a reversal doji has appeared two days ago. The lower shadow of the doji can be used to place a stop loss right under it as well.
Target is the upside of the current channel and potentially a range expansion breakout from the Bollinger bands thereafter.