A KPN short sell. We have been at the top 2x before and then dropped to 3.119 or lower. A Good 1-1 ratio stoploss and take profit
Already got confirmatition for cup & handle formation. RSI is suitable. TP 3.10 SL Follow the trend line or 2.00
Breakout trade: - Stopsell order below last swing low for confirmation of a continuation move to bottom of the daily range. TP is set in my order so I don't have to manage it. - If the order doesn't hit, we have 0% risk > this way of trading is very profitable in alot of setups, especially in trending markets.
It looks like KPN is about to fall with RSI and MACD topping out in a ascending wedge. Found 3 resistance lines where it might bounce, but it might also fail anytime now.
Forecast KPN next few weeks: More downside. Expect drop to 2.35. Either direct drop, or after a retrace to 2.75. This an update on this forecast:
Expect KPN to drop to 2.70 and maybe lower, but first limited move up.