Adp for a round trip trading strategy
Analysis published on Monday, May 22, 2023
The airport manager has seen its share evolve within a technical wedge pattern since the start of the year. This movement allowed the stock to appreciate by 16% compared to January 1, 2023, but it is showing its limits with a solid resistance zone around €150.
Over the past 6 months, we can clearly see the progress of the stock, which alternates back and forth between its oblique support and the surroundings of this resistance zone. It is therefore in this spirit that we will apprehend the action by selling near the high zone to buy back on the low point which corresponds to the support.
From a fundamental point of view, this fits with the strategy since we are currently on fairly high valuation ratios, the 2023 PER coming out at around 28 times the expected profits, which is particularly well paid.
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