Zalando shares have chances of buying signals

The technology bear market has hit Zalando stock hard since mid-2021. The crisis mood of consumers then put additional pressure on the share price of the Berlin group. Since the middle of last year, the price has fallen from EUR 105.90 to EUR 19.18, which Zalando shares reached at the end of September. Since then, the DAX stock has been able to recover. The peak of 25.78 euros was reached at the end of October. Zalando shares are currently trading at €2 .98 on Tradegate on Friday morning (WKN: ZAL111, ISIN: DE000ZAL1111, Chart ), not far below the peak of the recovery. A slight upward trend has been observed recently. So far, however, Zalando shares have struggled to break through the technical chart barriers in focus. In addition to the collection height of 25.75/25.78 euros, 25.20/25.22 and 2 .0 /2 .39 euros should be noted here. Zalando’s share price returned to 25.22 euros on Tuesday and yesterday Thursday.

Steve Walker

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