You are absolutely right, and I also consider it only as speculation. Let's see if Trump, the situation in Ukraine, or conservative parties in Europe trigger an upward breakout, as the chart seems to be tightening.
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yes, Bollinger Bands are getting stretched, but, as you can see, there is a horizontal channel in which the stock has always rebounding for the last 3 years:
In a sideways phase, the dividend benefits me, and I would be happy with a breakout above €46. Below the €36 mark, the stock simply gets kicked out, that is my plan now. I hope the best ;)
Good plan