Analysis of Thyssenkrupp AGThe numbers don't say anything good for Thyssenkrupp. The KGV is currently 1600 and the profit is turning back to a minus. My forecast says you should sell.
THYSSENKRUPP trade ideas
ThyssenKrupp AG BUY 20.50After the announcement of the joint venture between ThyssenKrupp and TATA Steel, will help the European seel maker to evade the 25% imposed tariff on European steel producers that the US have announced in the previous month. This fundamentally can boost the price to reach 25.45 in the next 2-3 months, adding on the fact that the price per share is seen as undervalued in relation to industry competitors and the average price of German competitors.
Info possible but not ultimate values:
Entry: 20.50
Take Profit: 25.45
Stop Loss: 16:45
Monthly big picture long on ThyssenKruppThis is a trade i am currently in.
Long 21.40€ Stop below 19.40€ looking for a move toward 25€ and possibly 27€.
Look at this huge support formed by 50,100 and 200 monthly moving averages, plus this major trendline retest.
Check out weekly chart below:
Also 100 WMA and 200 WMA are around 21.50€.
Blessings to you all.
TKA:Xetra Long OpportunityAn intraday high potential, Back Tested LONG Analysis.
We ll try to enter into the correction of the downtrend movement close to 78.60% Fibonacci retracement
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
THYSSEN KRUPP VERY PROMISING FOR BULLSI really like this stock, and i think we could easily see a 20% rally in the coming weeks.
I already bought it some time ago at 22.35 and my emergency stop is currently slightly below 20, i will probably close the position if we break the 22.00 level and dont show signs of a strong reversal.
In my eyes 22.00 is a key level if we break it and stay below it, there is a chance that we are having a top here and an extended downmove is coming.
But looking at the fundamentals regarding this company and the general steel sector i am seeing more chance for a rise towards the 26.40 level to test the 2015 high in the coming weeks.
In my opinion there are 2 options to play the long side on this stock.
1st. buy dips around 22.30 and look for a move towards 26.30, and closing it if it falls below the multiyear trendline and stays below it.
2nd. more conservative option to wait for a false breakout lower toward 21.50 catch it there in hope for a strong reversal, gunning for the next leg higher towards 26.50. And closing it if it does not show any signs of reversing higher.
In both cases its a nice stock to have in the portfolio
Blessings to you all.
