Porsche Holding: Bottom formation ๐
The Porsche Holding share price is approaching the 78.60% retracement of the magenta target zone between โฌ56.44 and โฌ36.61. Here, we expect the low of the magenta wave 2, which has been dragging on since 2021. With the low formed, a reversal should then take place, and the price should rise well above the resistance at 60.18โฌ.
