CHF 311.00 intraday: Hochtief AG (HOT.SW) on SIX shows oversold bounce

CHF 311.00 intraday: Hochtief AG (HOT.SW) on SIX shows oversold bounce

HOT.SW stock is trading at CHF 311.00 intraday on the SIX market after a wide gap from the previous close of CHF 146.50. That move creates a classic oversold-bounce setup for Hochtief AG (HOT.SW) as volume remains light at 60.00 shares versus a 50-day average of 120.00. We analyse the technical trigger, relevant financial ratios and short-term price targets to decide whether the current bounce can extend or will fade. Exchange: SIX, Country: Switzerland.

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