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1 & 1 Drillisch share in the chart check: buy signal or bull trap? – Chart analysis

After the latest price rally for the 1 & 1 Drillisch share on Thursday, reaching EUR 27.03, profit-taking has dominated since Friday. Today, against this background, the share price of the United Internet subsidiary falls to as much as 24.82 euros and is once again based on an important technical signal mark. The hurdle, which extends below the previous post-corona recovery high at 25.18 euros, had only just been overcome. In terms of the chart, the share price of 1 & 1 Drillisch is in another trend-setting situation.

So far, the downward movement from Thursday’s high has only had the character of a pullback to the previously exceeded chart resistance zone. There is now a support zone for the share price of 1 & 1 Drillisch. The core of the range is above all the brand between 24.64 / 24.85 euros and 25.18 euros, which has not yet come into serious danger, but is being tested very hard. If it came to the break, however, further technical chart support would already be available around the EUR 24 mark. In order to actually set up a bull trap with a false outbreak in the past week, a lot has to happen.

If, on the other hand, the pullback does not lead to a rebreak below the technical chart support and the share of 1 & 1 Drillisch rebounds upwards, this would be another technical buy signal. Strong resistance levels would then be expected again in the EUR 26.86 / EUR 27.70 zone, where the paper also recently failed.

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