Top 3 German Stocks to Buy

Wonderful news for FBS traders! We’ve added 30 German stocks from Frankfurt Stock Exchange (FSE). The stocks are available for trading on MetaTrader 5 or in the FBS Trader app. FSE working hours are from 10:00 to 18:00 MT time, and that’s when you can trade these stocks.

Here are the top 3 German stocks.

SAP

This company is the leading software corporation in Germany and the whole EuroZone. The COVID-19 pandemic boosted the technology sector as the work-from-home regime increased demand for cloud-based solutions. More and more businesses start using cloud solutions and SAP’s client base keeps growing, that’s why the company has a bright future. Time to look at the chart. The stock of SAP is moving inside the ascending channel. The recent concerns over China’s Evergrande and the overall risk-off sentiment pressed all the stocks down, and SAP as well. Thus, we can observe the stock near the lower line of the channel. Thus, there is a high probability that the stock is going to reverse up and rally back to the 50-day moving average of $124.00. Support levels are the recent lows of $119.00 and $117.00.

#SAPDaily.png

Linde (LIN)

This company is the largest industrial gas company by market share and revenue! Its stock price has surged by 160% over five years. Incredible! The price has just broken above the 50-day moving average of $260.00, clearing the way up to the next resistance level of $265.00. If it breaks it, the stock can return to the all-time highs of $270.00.

#LINDaily.png

Volkswagen (VOW)

Volkswagen is the third-largest automaker after Tesla and Toyota by market cap. After a sharp hike at the beginning of 2021, the stock of Volkswagen is moving sideways between $260.00 and $315.00. Now the stock is at the lower part of this channel. It means that the stock is going to reverse up in the upcoming days. The jump above $275.00 will open the doors to the 50- and 100-day moving averages which lie together near $285.00. Support levels are $260.00 and the 200-day moving average of $250.00.From the fundamental point of view, VOW is positioned really well as the focus on electric vehicles continues and the company develops in this segment.

#VOWDaily.png

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Author: FBS Analyst Team

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