Crash dummy or Faraday cage?!: …

German cars/car stocks are more likely to degrade their shareholders to crash dummies (life-sized dolls used to simulate the effects of traffic accidents on the human body) than to actually be a Faraday cage per se, with the current-conducting outer facade of the body leaving the interior intact.

In the daily chart, this is reflected in a new low since October 2022, thus also a new annual low in 2024 and the complete loss of the overall bull market move since November 2023.

There is a return to the partial downtrend from April 2024 and a short-term broader downtrend channel has been forming since July 2024. If the €55 does not hold, the €50 mark will be tested, then only at a new big figure (€3x) will the next buffer stop (device at the end of the track that is equipped with strong buffers and is intended to prevent the vehicle from driving over the end of the track) await.

Only the increasing distance to the 200-day line and the negative sentiment could lead to a technical countermovement, at least in the short term.

Further time levels of chart analysis can be found in Berneckers Chart Corner.

Good business.

Your Bernecker editorial team / www.bernecker.info

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