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! ;-)
