We see an almost picture perfect head and shoulders reversal formation in Fresenius (FRE) with a top at 51.66. We go short here at current levels (47.24) with a profit target of roughly EUR 4.00 suggesting FRE to find bottom at around 43.00.
Target Limit: 43.20 (EUR 4.04 / 8.55%)
Risk Stop-Loss: 49.25 (2.01 / 4.25%)
risk/reward ratio: 2.00