Target 17 ( 1 to 5 months )Good Technical and fundamental ( earnings ) , So Target 17 Duration 1 to 5 months....
Trade ideas
Kloeckner is explodedKCO could get till 17 €. Higher steel prices pushing it upwards, seems to be just the beginning.
Going long with KCOA rebounce upwards with KCO should be starting now, so it is a very good long position for july 2021
Koeckner&Co could be get cheaper about 10.60 and has potentialMACD has a negativ divergence and can bring down Kloeckner on the lower end of the trend channel, which would be a good entry point, since the stock is very good in the long run.
For an entry wait till 10.60 and in the good case it will go back up straight away, or in bad case sidwards for some time till it goes up to the trend channel.
In both cases a good investment with a lower risk.
KCO - Reversel Candle on daily Chart. Reversel Candle on daily Chart. Near MA200 support. Sitting on Trendline & 0.786 FIB. Good R/R
Weekly Cup and handle pattern on german MDAX stock KLOECKNERThis is one of my favourite german stocks currently.
I bought around 10.20€ and looking to add further if we get a dip into the 9.90-9.70€ area.
Stop is below 9€ for now, but its more an emergency stop, i dont think it will fall this far, but one never knows, its important to have a stop.
Its just a perfect technical setup and i am seeing great possibility for a big move higher.
Also the fundamentals are nicely lining up, they posted their best earnings report in 6 years last quarter.
So i am expecting a nice turnaround story on this german steel manufacturer.
