Siltronic stock: What does the massive setback mean?

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After losing 6 % on Thursday and losing more on Friday, chart technical analysts are sure that the Siltronic stock has suffered a small setback, which should not be regarded as dramatic. From the economic perspective nothing changed. The stock earlier gained 7 % in just one week and in two weeks even 14 %. This means, that the stock was now punished with a major setback, which can be explained by profit takings.
Since there are no new economic impulses, this development is not bad. 75 % of analysts want to buy, while 25 % would hold it and nobody would sell it.
Technical analysts regard the stock as a buy. The 200 day line is at 115.33 Euro. Just like all other trend indicators, the trend is looking upwards. A clear buy indicator!

Aktuelle Video-Analyse von Siltronic:

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