After the announcement of the joint venture between ThyssenKrupp and TATA Steel, will help the European seel maker to evade the 25% imposed tariff on European steel producers that the US have announced in the previous month. This fundamentally can boost the price to reach 25.45 in the next 2-3 months, adding on the fact that the price per share is seen as...
THYSSENKRUPP is a long / next stop at 26.5
Reasons:
1: Long white candle supported by huge volumes on daily chart.
2: Bullish divergence on MACD and MACD is now close to get positive
Thyssenkrupp share price has bounced back towards an important support zone. A possible long strategy has been depicted in the chart.
Good luck fellow traders
This is a trade i am currently in.
Long 21.40€ Stop below 19.40€ looking for a move toward 25€ and possibly 27€.
Look at this huge support formed by 50,100 and 200 monthly moving averages, plus this major trendline retest.
Check out weekly chart below:
Also 100 WMA and 200 WMA are around 21.50€.
Blessings to you all.
