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It looks like KPN is about to fall with RSI and MACD topping out in a ascending wedge.
Found 3 resistance lines where it might bounce, but it might also fail anytime now.
Several clean targets in sight.
KPN created a nice double bottom and i think its time to move to 2,55 and maybe even higher after we break that resitance
Lets wait the break of the pitchfork
Forecast KPN next few weeks: More downside.
Expect drop to 2.35.
Either direct drop, or after a retrace to 2.75.
This an update on this forecast:
Expect KPN to drop to 2.70 and maybe lower, but first limited move up.
KPN has adopted a new bullish configuration, the stock has drawn a double bottom that has 85% of chance to initiate a bullish trend.