2024/11/28
Daily 4XSetUps - DTE Price Target Reached, Unstoppable Bullish
“price action faster and stronger than expected - price target reached!
what now? a buy once again? or should we try the bearish side now?”
With a price increase of almost +40% in the current year 2024,
DTE is one of the strongest stocks in the 
DAX . The stock has long left its status as a bore behind it. In fact, the Magenta Group can hardly be slowed down on the stock market. Today, Thursday, November 28, 2024 - on the American Thanksgiving Day - the DTE share climbed above the €30 mark for the first time since 2001. After it was briefly quoted at €29.99 in day trading on Wednesday, yesterday. This means that the stock has almost tripled since the Coronavirus outbreak - an impressive performance for a defensive stock from good old germany of the telecommunications industry.
“The most valuable habit I’ve acquired is using pain to trigger quality reflections. If you can acquire this habit yourself, you will learn what causes your pain and what you can do about it, and it will have an enormous impact on your effectiveness.”
Ray Dalio
€30.28 : 2024/11/28 - last price action
€28.66 : 2024/11/12 - Yesterday's Day Before High
€28.45 : 2024/11/14 - Today`s GAP Low After QR
€28.17 : 2024/11/14 - Yesterday's GAP High Before QR
€27.66 : 2024/11/13 - Yesterday's Low
The
DTE stock is on the way up - no question about it! But that shouldn't blind us, let alone ignore the view downwards. That's why the important price actions are still the same. Because if the bears get a taste for taking it - to make money in this stock - and win back the above-mentioned price action (above €28) - we could see a price action of down to €27 again, even more deeper, until the end of this year 2024. This long DTE 4XSetUp has fully worked out, thanks to the company's good quarterly figures. In the 3rd quarter of 2024, DTE once again benefited primarily from strong business in the United States. Sales and profits increased significantly from July 2024 to the end of September 2024 compared to the previous year 2023. The increases were largely in line with experts' expectations. In addition, the forecast for the operating result was increased slightly. The share price rose today, Thursday, November 28, 2024, to over €30 for the first time - and thus to the highest level since 2001.------------------------------------------------
€30.28 : 2024/11/28 - last price action
€30.00 : 2025/06/30 - Target Price
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€26.91 : 2024/09/16 - Entry Price
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€23.00 : 2025/06/30 - Stop Price
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Have a good time
- regardless of the price action!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.