Week 20 of decline — double bottom stalls the drop
Mercedes-Benz: 20 weeks of decline, and now price action flashes a caution signal
Week 20 of decline — double bottom stalls the drop
In Summary
Mercedes-Benz Group is at week 20 of a sell signal, with a 17.64% gain since the short was opened. The week closed flat, but on the daily chart a strong double bottom has formed in the 47 area, with a 13% intermediate rebound: a technical signal worth watching before assessing whether the decline can hold.
IQS Phase
74
in tension
Signal Strength
40
shallow weekly drop
Sizing
REDUCED
Ranking
#8 / 52
EU-UK stocks
Trade P&L %
+17.64%
from signal to today
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