Henkel has built a monthly PG
This stock out of the consume sector could be interesting in the next time. In the past we formed another PG in this zone and now we see another one. The old PG have a performance around 20€ and maybe we will have another bounce like this.
On the weekly time unit we are in a down trend but this could change in the next movement. I think there are some nice stop losses around the 100€ and the short squeeze can bring us back to the old highs around 126€.
The PG will show us the direction and also give us trading opportunities. If we see a breakout, i will let you know.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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