DEUTSCHETEL trade ideas
17 years ago Deutsche Telekom was @ 100 €!!!I remember when someone told me in 2000, if you have telkom shares now is the time to sell them.
I had none - but the timing would have been perfect!!!
Anyway, I was surprised when I saw that market capitalization is still about 76 Mrd.
On top the chart shows a nice breakout above the short term down trend and generated a long sinal which pushed telekom already above 16.50.
There is lots of support from 14.15 to 14,47. I will watch the titel carefully when it falls back under 14.50. But I do not thick that this will happen any time soon.
It is more likely that tlekom will go for the highs @17.56 and 17.62 in the midterm.
Decision will be made here for even higher levels.
Entry level for those of you who are interested is between 15.50 to 16 with a SL depending on your risk management beween 14.15 and 14.45.
Any cent closer to 17.62 will push DAX closer to his ATH @ 12.400 and above.
Successful trades.
P.S. I will eat a broom if we see the 100 again in the next 15 years! ;-)
DEUTSCHE TELEKOM HUGE BULL POTENTIALThe chart tells the story quite accurate. We are within a textbook longterm uptrend.
The market has been consolidating for about a year, creating a big range, that is in my opinion currently coming to an end and providing us with a beautiful buy opportunity.
In recent weeks the market formed the right shoulder of this inverted S-H-S pattern and it led to an impulsive wave towards the 16 handle. In my opinion it confirmed that dips towards the important 15 figure should be bought with a stop below 14.
Deutsche Telekom might be in 2017 on its way towards 20 or even more.
Interim resistance is around 17.50, partial profits can be booked there and stop should be of course trailed.
Also looking at the fundamentals, shows Deutsche Telekom is based on a solid footing and there is quite a bullish potential showing.
Good luck and keep it simple.
SHORT Deutsche TelekomShort DTE as it moves up into an overhead resistance zone. Retest of previous lows is the basis. A previous swing high is used as the hiding place for the stop. If filled, use the ladder to trail stops.
