Long

Daily 4XSetUps - DTE For The 1st Time Over €29 Since 2001

2024/11/14
Daily 4XSetUps - DTE For The 1st Time Over €29 Since 2001
“good quarterly figures from german mother & us daughter!
what happens next? Is there a rbearish isk of a crash?”

In the 3rd quarter of 2024, 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 14, 2024, to over €29 for the first time - and thus to the highest level since 2001.

Sales of Germany's largest telecommunications group increased by just over +3% to 28.5 billion euros, as the Dax-listed company announced in Bonn this Thursday. Earnings before interest, taxes, depreciation and amortization including leasing costs (Ebitda AL), adjusted for special effects, rose by almost +6% to 11.1 billion euros. The bottom line is that earned around three billion euros – an increase of +54%. In terms of operating profit, the group now expects an increase of just over six percent to around 43 billion euros in the current year 2024 - this means that the new forecast is around 100 million euros above the old target. The target for cash inflow (free cash flow) was confirmed, as was that for earnings per share.

“Having the basics—a good bed to sleep in, good relationships, good food, and good sex—is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.”
Ray Dalio

The price action today was above €29 for the first time in 23 years, i.e. from 2001. Traders and/or investors still seem to be confident for the rest of 2024 - and/or even 2025. Me too - and we continue to run our long XETR:DTE 4XSetUp.

Regardless of the good quarterly results, the trend of the share remains intact. The share has been one of the most sought-after stocks in the for some time, mainly thanks to the success of its subsidiary . Since the low in the Corona crash of just over €10, it has increased by almost +180% since then. Only a few German standard stocks were able to gain more. The share, which, with a share of 13.8% of the existing shares, also belongs to the Federal Republic of Germany (i.e. to us German citizens and/or German taxpayers), now has a market value of around 144 billion euros - which is largely driven by the US subsidiary is determined. The US company's share price is rushing from record to record. is worth almost 280 billion dollars (265 billion euros). holds a little more than half of the shares - the package is mathematically worth around 135 billion euros.

As already known, achieved strong growth in the third quarter. Service sales increased by around five percent to $16.7 billion. Operating profit climbed by almost eight percent to eight billion dollars. The division therefore also dominates the business of the entire company. Group-wide, service sales increased by four percent to just over 24 billion euros. In the current stock market year, has already gained more than +30%. Therefore, we will definitely let this long XETR:DTE 4XSetUp continue to run.

€28.77 : 2024/11/14 - 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 price action was and is more than remarkable. As you can see, the stock fell relatively sharply yesterday and the day before yesterday, i.e. in the run-up to the figures - if you compare the two red bearish candlesticks with the previous ones. It was probably the fear of the bulls, including my humble self, the fear of our courage. But sure, "pride always comes before a fall"; is colloquially said in a German proverb. But in terms of this price action, the increase is fundamentally justifiable. There are far more expensive stocks - even compared to the industry (with fewer customers). Therefore, the price actions above are more than important. Because if traders and/or investors continue to trade and/or invest in price actions above the price actions mentioned, then we should see the share price above €30 in the coming year of 2025! Because it would be a fundamental confirmation of this multi-year high, even since 2011, which has now been 23 years old!!! However, 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, until the end of this year 2024. Either way, it remains exciting - even in this actually pedestrian stock, in the best sense of the word,

With best wishes
and with good intentions!
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.

Devise2Day

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