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.
An 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...
I really like this stock, and i think we could easily see a 20% rally in the coming weeks.
I already bought it some time ago at 22.35 and my emergency stop is currently slightly below 20, i will probably close the position if we break the 22.00 level and dont show signs of a strong reversal.
In my eyes 22.00 is a key level if we break it and stay below it, there...
after breakout and pullback to broken trend line my suggestion is entry to buy position right now or after passing of a pivot point on daily time frame
