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Rheinmetall - time for a correction after 10x ?

Like many other big stocks RHM could have completed 5 waves up with gains of roughly 1000% in 3 years.
Considering their order backlog, a market cap of around 30 billion is not too unreasonable but the profit margins are still quite low. Demand for their products will remain high, the EU needs to invest in their military to be protected and independent.

So a correction to the 0.618 retracement would be healthy before this can move to 1000€ in the next few years.

註釋

down 10% from the high, but this could still be wave 4 of V

交易進行

seems like that really was wave 4 of V, now in the final wave targeting the 850 area. Likely major DAX correction ahead.

註釋

Went a bit further, but if this doesn't correct soon then EWT is useless here:

註釋

Looks like the 1000€ just had to be reached in this bull run. Rheinmetall will get even more orders now that the US government has pretty much abandoned Ukraine as a weapons supplier. So this could go straight to the moon or gravity could pull it down with the next earnings report on March 12th. Estimate is 13€ per share, compared to 3€ in the last quarter. If that expectation isn't met, it could lead to profit taking.

註釋

Looks like profit taking ahead of the earnings. HAG and R3NK down as well.

註釋

no correction in sight yet, but it will come at some point. Nothing goes straight up to the moon forever even though fundamentals are strong. Why not drop it 30% to 40%, create panic for retail and hunt stops for liquidity before the next rally ?

註釋

showing first signs of a correction. Daily MACD might cross next week.
After Feb13th the volatility went crazy, same as the DAX.

15 min chart. Below the trend line and a possible descending channel. Could be a "sell the news" scenario after the approval for more defence spending by the government.