The monthly perspective of Allianz is down by about 6.9% and found buyers with a possible short-covering around the EMA50 level.
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The monthly perspective of Allianz (XETR: ALV) is down by about 6.9% and found buyers with a possible short-covering around the EMA50 level which is nearly confluent with the Year’s lower value extreme to keep the current balanced median-term structure in place. The fair value price of the stock stands around 225 while the stock trades around 201 which is giving the market a potential slight bullish bias...
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