SCHP (WATCH)

In the stock of Schindler Holding AG a corrective flag pattern is in place which is corrective. Momentum moves with price and remains healthy. If price does not fall below and remains within the flag trend-channel, one could go long once a higher high is in place (~CHF 169.00). The projected upside profit target would be at least CHF 200.00 (+18%) whereas the lowest low of the channel should be taken as a risk stop.

schp