$ 61 and $ 64 are
my initial upside price targets.
Not exact matches
Just as we get up to the region around which we can start targeting the 800 flat mark as an
initial upside target and — beyond that — use it as resistance, the bitcoin
price breaks to the downside, and we get a correction to spoil the party.
-- the current
price at 12,35 EUR is ~ 1/3 lower than the expired take - over offer from Deutsche Annington 6 weeks ago — although the share will be delisted by the end of the year, I do believe that a squeeze - out under Luxembourg law is very likely within the next 12 - 18 months close to the
initial offer
price (~ 50 %
upside from current
price)-- the downside is that following November, the stock will be unlisted and hard to sell and that for some reason the Acquirer Deutsche Annington will not squeeze out the remaining minorities
So, if for example, an inside bar setup false - breaks to the
upside, forming a «bearish» fakey pattern, the implication is that
price may continue moving lower, opposite to the direction of the
initial breakout.
And secondly, the shares have already risen beyond my target exit
price and I no longer see the same
upside as I did at the time of my
initial investment.