Porsche Holding: Bottom formation 🔄

The Porsche Holding share price is approaching the 78.60% retracement of the magenta target zone between €56.44 and €36.61. 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 60.18€.