The End of the Bear Market Rally
MBG has reached its upper-range channel. Based on this channel, if MBG could reach the next upper channel, it would record a higher high. That is unlikely to happen with the current energy prices Germany has to pay. My view is that MBG has already reached its secondary peak. MBG will soon be entering a prominent bear market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.