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Varta share: breakout successful, buy-signal is currently confirmed – chart analysis

The last week for the Varta share ended with an important technical buy signal, which was confirmed this morning. With the price jump on Friday to 110.00 euros – the daily high was also the weekly closing price – the share price of the battery group was able to break the important chart technical barrier between the area at 105.00 / 107.10 euros and the recovery high after the corona crash, reached on July 6th at 108.90 euros. This morning the narrow buy signal for the Varta share is confirmed with current indications at 110.00 / 110.40 euros.

The short-term limiting factor for the Varta share is the upper Bollinger band, which is rising again, but is slightly behind the upward movement with a current level of 109.20 euros. If Friday’s breakout continues to be confirmed in Varta’s share price, the upper Bollinger Band could become an orientation mark in the upward movement. While the area between 105.00 / 107.10 euros and 108.90 euros for the paper becomes the downward slide zone – one of the most important types – the next zone with various chart-technical ones shows up already between 113.00 euros and 115.80 euros Obstacles.

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