Infineon share: upward trend clearly intact – UBS column

Review: The shares of Infineon have been in a strong upward trend since the corona crash low on March 16 at EUR 10.13. In the weekly chart, both the 50 EMA at EUR 17.61 and the 200 EMA at EUR 17.93 were broken on May 18, generating a bullish long-term signal. This signal was then also confirmed, the shares continued to rise strongly and broke through the resistance area around EUR 24.51 at the beginning of October. Downward corrections within this uptrend ended in the daily chart largely in the area of ​​the 50’s EMA. As long as the 50 EMA is no longer undershot, rising share prices can be expected in the further course. The previous day’s high of EUR 30.91 marked the share’s highest level in almost 20 years.

Outlook: The upward trend is clearly intact and is developing evenly without excessive price fluctuations.

The long scenarios: Infineon shares continue to show strength with the previous day’s high at EUR 30.91 and could now start the resistance at EUR 31.50 from March 2001 next. This would be followed by the resistance from January 2001 at EUR 33.50. The way up is largely free for the stocks, the next resistance was a long time ago.

The short scenarios: The shares of Infineon are already overbought after the long rise and could face a decline. This is also indicated by the previous day’s candle with the long upper shadow and the small candle body. However, in terms of overall strength, downward corrections are likely to expire again in the area of ​​the 50’s EMA, as before. Should it go any further, the 200 EMA would be the next fall-back mark at currently EUR 23.46.

Livestream on December 14th, 2020 from 6 p.m .:

With Hans-Werner Sinn, former President of the Ifo Institute.

With Hans-Werner Sinn, former President of the Ifo Institute: Corona and the miraculous increase in money in Europe
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