Jensen: hammer and less negative momentum
Updated
It's my habit to seek for stocks that are fundamentally undervalued but technically interesting as well. Jensen Group doesn't move a lot, but when on the long term this stock has well performed. Now we see that the share price fell hardly on lower volumes with a hammer. So the price bottoms out and the negative momentum will be replaced by a strong uptrend within a few days/weeks. The volume indicator suggests a breakout will be on a higher volume then prior declining volumes. There is now positive divergence in two main indicators. A first target is the 43 euro level followed by an attack on the 45 euro level. The power of the decline disappears and every investor can get profit out of that.
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I'm in @40,35.
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