United Label keeps up to date on the timetable. RSI and MACD are weakening. We still need more purchase request.
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The orange 5 could be processed at 5.88 euros. Since then, the upward movement since December has been corrected. The first reentry zone at 3.34 euros has already been achieved, although the area could still be driven to 2.65 euros. The reason for the decline is probably the sell-off of 120,000 shares by the Management Board and majority shareholder Peter Boder (holding 39.3% of the shares), which, as in the previous year, resold shares in the summer. In 2017 he sold shares worth 150,000 euros in May.
Upon completion of the consolidation, the stock is expected to form new highs that could reach up to 9 euros. At the current price, this would be an increase of over 250% and on the way there, profits should be hedged regularly and taken.