Short, target 3564Got a signal from my weekly screener.
We don't have a much space to won but still make sense to enter.
TP1 3564
TP2 3521
SP stop under candle close 3672
Thoughts?
Royal KPN NV
No trades
Market insights
KPN (on AEX) Short SellA 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
Ready to go to 3.10Already got confirmatition for cup & handle formation.
RSI is suitable.
TP 3.10
SL Follow the trend line or 2.00
Kpn update Part 2 has played out and sell zone hitted again now retrace and wait on buyzone.
Follow me just started with charting my first year of legal trading!
KPN continuation to the downsideBreakout 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.
KPN is reaching and will soon fallIt 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.
KPNKPN created a nice double bottom and i think its time to move to 2,55 and maybe even higher after we break that resitance
Forecast KPN: More downside > drop to 2.35Forecast 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:
Forecast KPN to drop after limited move upExpect KPN to drop to 2.70 and maybe lower, but first limited move up.
KPN is entering a bullish phaseKPN has adopted a new bullish configuration, the stock has drawn a double bottom that has 85% of chance to initiate a bullish trend.
