Adding Rheinmethall at the current priceRheinmetall AGXETR_DLY:RHMMarcel_PlatonRheinmetall is currently trading around €1,071 after a brutal June that saw the stock crash nearly 23% in a single month. The main trigger was Germany's abrupt cancellation of the €12 billion F126 frigate program on June 24, which sent shares down 19% in one day alone. That's the big drop visible on the chart — it's a panic event driven by one contract loss, not a sign the business is broken. The recovery has already started. The stock bounced 4–5% as bargain hunters stepped in, and on June 30 the company confirmed a new Ukraine artillery contract with production already running in Spain, scheduled for delivery in Q1 2027. The core defense business is very much alive. From a fundamental standpoint, the setup looks attractive. 18 analysts currently rate the stock a Strong Buy with zero sell ratings, and the average price target sits at €1,765 — roughly 68% above where it trades today. The next earnings report on August 6 could be a major catalyst, with revenue expected to hit €3 billion for the quarter. On the chart, the plan is to ride a recovery back to €1,464 as the first target, which would represent a full retracement of the panic drop, and then on to €1,942 where the stock was trading before everything fell apart. The key level to watch on the downside is €932 — that's the floor. If it breaks below there with conviction, the trade is invalidated. Risk/reward at current levels is solid, but the August earnings report is the real test. A miss there could put pressure on that support zone quickly.