RetracedThe top of the retracement of the decline between May and September 2022 on 23rd January 2023 has been reached again and may serve as a resistance now. Another attempt down may be expected.
TKA trade ideas
Nothing sexy but.......a very nice symmetrical triangle Watch for the pattern to break. The price should continue its path downwards however a false break upwards may try to spook you. Watch the volumes carefully to confirm.
DYOR
ThyssenKrupp AG bullish scenario:The technical figure Triangle can be found in the daily chart in the German company ThyssenKrupp AG (TKA.de). ThyssenKrupp AG is a German multinational conglomerate with focus on industrial engineering and steel production. The company claims to be one of the world's largest steel producers; it was ranked tenth-largest worldwide by revenue in 2015. It is divided into 670 subsidiaries worldwide. In addition to steel production, ThyssenKrupp's products range from machines and industrial services to high-speed trains, elevators, and shipbuilding. Subsidiary ThyssenKrupp Marine Systems also manufactures frigates, corvettes, and submarines for the German and foreign navies. The Triangle broke through the resistance line on 03/09/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 20 days towards 6.964 EUR. Your stop-loss order, according to experts, should be placed at 5.374 EUR if you decide to enter this position.
Company debt is a non-issue for ThyssenKrupp. The company has over €8B in available liquidity of which €6.5B is in Cash and equivalents, which is almost 2X the company's total liabilities gross of leases. What's more, these maturities are well-laddered going beyond 2025-2026.
Fundamentally speaking, there are no immediate cash dangers to the company. Yet the chaotic nature of the past 10 years makes the company's low credit rating completely understandable. Still, ThyssenKrupp is a leading material processor and service provider across the western world.
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TKA short or hold for several monthsI have a few shares and decided to make a chart. I am not a professional and this is not financial advice
Watchlist: Thyssen KruppThyssen Krupp fall down on the current sidewards channel, which may be a bull trap and an oportunity to buy right now.
MACD turned positiv today, which signals a buy.
Steel is in high demand right now and other products. In the mid/long range inflation, should give Thyssen better prices for it steel.
Embargo against europeans steel may fall:
www.nytimes.com
trade.ec.europa.eu
apnews.com
This all may be benifical for Thyssen Krupp if shipment of steel (with higher prices) will be possible to US.
Steel rally may continue: steelnews.biz
It could be good try to get in a position with Thyssen Krupp.
Short TKATKA has been overbought for a while now and a correction is increasingly likely. One possibility is that the price and the EMA 200 meet at 7.60-8.00 euros . With the idea shown, there is a good risk-reward ratio and one can limit the losses well. What is your opinion? Do you agree with me or not? I would like to point out that this is for information purposes only and is not intended to be copied.
EARNINGS TOMMOROW - THYSSENKRUPP Lets do it ! Longing from current levels ! Fingers crossed for results !
Thyssenkrupp AG (TKA - Xetra) WXYXZ wave pattern Thyssenkrupp AG (TKA - Xetra) is moving down in WXYXZ wave pattern. The price already broken down X wave triangle and moving down in Z wave as ABC internal three wave down sequence. The stock is in downtrend compared to DAX. It is in wave A downtrend and will go further 3rd wave down after wave 2 once completed.
Thyssenkrupp AG (TKA - DAX) - sell for 5th wave downThyssenkrupp AG (TKA - DAX) is in downtrend. The 5th wave down shown in chart is in progress. Sell below 5.34 after breaking down that level with stops above 5.75 for new low as target. It is much under-performer to DAX index.
TKA several reasons to go LONGReasons:
1) trend change
2) first step FIBO36.2 , if we will reach this with a strong candle, we can add a second possition to 3)
3) second TP FIBO 50%
4) stoch and volatility are in a up trend.
ThyssenKrupp long scenario - technical long signalThyssenKrupp with a long scenrio - with TP o a area of 12.95 - 13.65/75 euro per share. SL area on a 10,85 euro lvls.
Potential Bullish Divergency on TKAXETR:TKA
On weekly and daily timeframe a bullish divergency is evolving. As soon as the Elder Impulse is going blue or green it is a great opportunity to go long.
Entry: 12.65
Exit: 11.50
Target: 15
Analysis of Thyssenkrupp AGThe numbers don't say anything good for Thyssenkrupp. The KGV is currently 1600 and the profit is turning back to a minus. My forecast says you should sell.
ThyssenKrupp AG BUY 20.50After 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 undervalued in relation to industry competitors and the average price of German competitors.
Info possible but not ultimate values:
Entry: 20.50
Take Profit: 25.45
Stop Loss: 16:45
THYSSENKRUPP is a LONG - next stop at 26.5THYSSENKRUPP 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 Bullish ScenarioThyssenkrupp share price has bounced back towards an important support zone. A possible long strategy has been depicted in the chart.
Good luck fellow traders
Monthly big picture long on ThyssenKruppThis 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.
TKA:Xetra Long OpportunityAn intraday high potential, Back Tested LONG Analysis.
We ll try to enter into the correction of the downtrend movement close to 78.60% Fibonacci retracement
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
