THYSSENKRUPP trade ideas
ThyssenKrupp @ ResistanceBei Thyssen ist mit einem Rücksetzer bis wenigstens 24,50 EUR zu rechnen!
Chance for pullback to next support level 24.50 EUR and maybe 21.00 EUR.
THYSSEN KRUPP VERY PROMISING FOR BULLSI 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 is a chance that we are having a top here and an extended downmove is coming.
But looking at the fundamentals regarding this company and the general steel sector i am seeing more chance for a rise towards the 26.40 level to test the 2015 high in the coming weeks.
In my opinion there are 2 options to play the long side on this stock.
1st. buy dips around 22.30 and look for a move towards 26.30, and closing it if it falls below the multiyear trendline and stays below it.
2nd. more conservative option to wait for a false breakout lower toward 21.50 catch it there in hope for a strong reversal, gunning for the next leg higher towards 26.50. And closing it if it does not show any signs of reversing higher.
In both cases its a nice stock to have in the portfolio
Blessings to you all.
buyafter 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
