$BRBY (-4.54%) Burberry - a short-term gamble or a medium-term speculation on the turnaround🧐

After a quick look at the chart, this fits in perfectly with my preference scheme for my risk share in the portfolio💸

What are the key points in the chart for me?

Short-term view:

Although the gap from January has already been closed, it could be approached again. This is already my first target🎯

I also like the view a little further back into Q4/2023 to the gap from November 🎯

These are already 2 marks (1350p and 1650p) with potentially nice returns🤑

Medium/long term view:

Long term, I like the current area around 1000p , because it has always provided good support since 2011.

Daily chart until the Corona Down:

(green 200 GLD / orange 38 GLD)

Weekly chart way back 🔎

All in all, this was tempting for me and I opened the position with a first tranche of 160 shares. Now it's time to see what happens...

Target size: an additional 2-3 tranches of around 2k each

@BamBamInvest Thanks for drawing attention to this!

@7Trader Keep a close eye on it!