at the start of the week Morgan Stanley analyst George Webb downgraded the Teamviewer share from “Overweight” to “Equal-Weight” and lowered the target price from 48€ to 18.50€. According to the “Equal-Weight” rating the US Investment Bank expects an average total return on the share compared to other values observed by the Bank in the same industry. A period of between 12 and 18 months is used.
Should the next test of 13.5€ be confirmed as new support I assume that a trading range in the range of 13/14€ – 18/19€ will be formed for the next weeks.
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Today was the final dip before up move starts
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finally the 4 hour RSI made a bullish divergence. Lets get ready for profits as soon the price break and close above the pointed down trend line