Technical Update - European defense: Rheinmetall, Hensoldt and BAE higher. Dassault depressed

Hensoldt seems to be forming a symmetrical triangle on the daily chart. Break out could be imminent. If breaking out to the upside i.e., breaking above the upper falling trendline Hensoldt is likely to test its all-time highs at around 37.54 but could move higher from there. A move to 1.618 projection of the high to low of the triangle at 39.36 could be seen.
A close above 35.40 after a potential bullish break of the falling trendline will confirm the uptrend has resumed.

However, if Hensoldt is trading at new all-time highs there are no strong resistance levels ahead suggesting even higher levels could be seen.

If closing below the lower rising trendline in the triangle Hensoldt is likely dropping lower to support at around 30.85 possibly lower.

BAE Systems is trading in a steep rising channel on the daily chart making new all-time highs.
there is however, divergence on the strength Indicator RSI, the RSI values are declining while the share price is still rising. That is a sign of imbalance in the market and a stretched uptrend that could be close to exhaustion.

However, so far there has been no top and reversal forming and if RSI is closing above its falling (blue) trendline it is an indication of likely higher levels

First indication of a trend reversal/correction would be if BAE is closing below its lower rising trendline.

Dassault Systems seems to be forming a Descending triangle like pattern; the upper trendline is declining and the lower is horizontal. A breakout is needed for trend direction.

If breaking out to the down side i.e., closing below 41.45 Dassault could sell-off down to around 37.30 as illustrated by the vertical arrows. However, there is some support at around 39.05