Entry: 16,06 EUR
Target: 18.00 EUR (+12%), 25.00 EUR also possible
Stop: 15.72 EUR
1.) Fibonacci Retracement may be used in combination with other conditions in a trading plan to qualify possible entries. In this particular example, price retraced back down to the 50% level. This alone would not be enough to enter a trade. When the retracement level, however, aligns with previous structure, we already have a stronger case. Price often retraces back 50% of the previous price move.
2.) The growing free cash flow and the prospect of share buybacks from T-Mobile US speak for the share. The total growth in the current year should also be solid.
Target: 18.00 EUR (+12%), 25.00 EUR also possible
Stop: 15.72 EUR
1.) Fibonacci Retracement may be used in combination with other conditions in a trading plan to qualify possible entries. In this particular example, price retraced back down to the 50% level. This alone would not be enough to enter a trade. When the retracement level, however, aligns with previous structure, we already have a stronger case. Price often retraces back 50% of the previous price move.
2.) The growing free cash flow and the prospect of share buybacks from T-Mobile US speak for the share. The total growth in the current year should also be solid.
Trade closed: target reached
