Daily 4XSetUps - The Trend Is Your Friend In DTE Until It Breaks

2024/12/01
Daily 4XSetUps - The Trend Is Your Friend In DTE Until It Breaks
“dte is the 2nd largest heavyweight in the DAX40 after SAP shares!
+30% this year? tripled after corona? is there anything left in 2025?”

After we had already reached the price target of €30 last week, I would like to once again formulate a long DTE 4XSetUp for us today. Because the share has changed from a bore and a non-starter to a long-running and always-winner. And driven by a strong subsidiary , which is gradually gaining market share in the USA and whose shares are performing strongly, the stock has been climbing upwards for months. therefore remains a basic investment for conservative investors, as it also offers an attractive dividend yield. The price action should continue to climb in 2025.

Usman Ghazi from the Swiss Berenberg Bank has currently examined the effects of the change towards unlimited data volumes on the German mobile communications market in a new study. For the providers there would be “pain before profits”. But there is no threat of disaster. And the share price is justified by the fact that 's run also came about for reasons outside of the mobile phone business, which is definitely important for the mood. Which is why his vote is still “Buy”. Even if the price target of 31 euros has already been almost reached.

“Remember that the only purpose of money is to get you what you want, so think hard about what you value and put it above money. How much would you sell a good relationship for? There’s not enough money in the world to get you to part with a valued relationship.”
Ray Dalio

Personally, I can easily imagine that shares will rise by +20% in 2025 - which would then be €36 and/or more. Because the fundamental numbers are outstanding! However, the steep and rapid rise of the share price definitely scares me. But as already mentioned: “The trend is your friend until it breaks!”, which is why we place the stop price at €27.50. Because I can much more imagine that around the turn of the year 2024/25, many will (not) reorganize their portfolio assets. And the share can therefore rise under pressure? But it doesn't have to! Which is why I still pay a lot of attention to the previous price action zones. Because a fall down to €28, for example in the first quarter of 2025, would be entirely bearable in the historical context - in my opinion, even conceivable. Before the share then marches towards €36. Although I would of course prefer a direct route towards €36! But I don't think this probability is any greater - hence this extremely relatively bearish comment.

€30.28 : 2024/11/29 - 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 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, during next year 2025. From this pov (point of view) donT get too euphoric - even the chart is looking very good. Too god, if you ask me. However, our last long DTE 4XSetUp has fully worked out, thanks to the company's good quarterly figures. And that's why we still pay attention to this price action zone. Because, 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 meanwhile, on last Friday, November 29, 2024, to the highest level since 2001, and closed at 30.28€. Which is even our entry price for this long DTE 4XSetUp.

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€36.00 : 2025/09/30 - Target Price
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€30.28 : 2024/11/29 - last price action
€30.28 : 2024/11/29 - Entry Price
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€27.50 : 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.

Devise2Day

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