New to trading: My analysis on DTE (Support Test & Breakout?)Hi everyone, I am new to trading and practicing my technical analysis. I would appreciate your feedback on this setup for Deutsche Telekom (DTE).
My Analysis:
Support: It looks like DTE recently tested a key support level where the descending trend line intersects with the Fibonacci levels.
Target 1: Since this support held, I expect the price to move up towards 28.35 in the short term. This looks like a key test of the previous horizontal resistance (which also lines up with a Fibonacci level).
Target 2: If the price successfully breaks through that resistance, I am looking at 29.2 as the next resistance level based on the current downtrend structure.
Trade ideas
DTE DT. TELEKOMDT. TELEKOM AG - 1h
After eliminating its first serious retracement at 30,64 EUR, the chart shows a correction as expected. There is a chance of closing the gaps on downside mentioned in red before rallying again.
Next retracement on the upper side will be at 44,82 EUR. If the chart forms higher highs again, I expect 54,68 EUR.
The DAX will then reach 24500 points.
DTE Investment OpportunityI'm expecting the price to continue to bearish trend initiated. The pullback should be completed.
We can see that Liquidity was taken from several inducements and that the price reacted well on supply zone and broke the structure downside.
all these events give us good probability for the execution of this analysis.
DT. Telekom AG - XetraSince Feb. 2000 German Telekom AG has been ongoing forming an long lasting A/B/C - correction in Grand Supercycle Wave II down. Nevertheless, this is the reason, why the German DAX will outperform. Because the Telekom shares are "...one of the biggest tanks in that asset class index..."
Until today there is no exhausting to see out of an internal trend channel. The correction is still ongoing (B) and should reach 30.63 €.
On the right side in red, I mentioned a lot of gaps from the past.
Trading Idea - Deutsche TelekomEntry: 16,06 EUR
Target: 18.00 EUR (+12%), 25.00 EUR also possible
Stop: 15.72 EUR
1.) Fibonacci Retracement may be used in combination with other conditions in a trading plan to qualify possible entries. In this particular example, price retraced back down to the 50% level. This alone would not be enough to enter a trade. When the retracement level, however, aligns with previous structure, we already have a stronger case. Price often retraces back 50% of the previous price move.
2.) The growing free cash flow and the prospect of share buybacks from T-Mobile US speak for the share. The total growth in the current year should also be solid.
Deutsche Telekom AG (DTEA - Xetra) - Bulls in controlDeutsche Telekom AG (DTEA - Xetra) is in impulse cycle up in 4 hr time frame, where 5th wave up is in progress. In 30 min time frame the 1st subwave leading diagonal and 2nd subwave correction both already ended. Price is now in 3rd subwave of 5th wave up. Stay bullish with stops below 14.45 level for target above 15.80. Keep eye on chart in 10 min time frame to find entry and exit levels.
DTE ChannelDT Telekom is trading in a channel since mid 2018.
Already took the opportunity before earnings riding it from the lower border to the upper where the RSI also reached it's previous high.
Switched to short at that level with a target and take profit to the previous support level @15.61
Due to the overall corona fear it broke this support and is now at the lower channel border again.
I believe in an immense bounce right here, the volume is still pretty high and the RSI reached a point where it bounced back quite often in history. In my opinion it will be heading back to the upper border.
Risk Reward Ratio is pretty good, will set my stop loss to 14.3, my take profit to 16.7.
Just like the two latest trading days markets might take a dip at open before it bounces back during the day.
So there might be a nice entry point at about 14.5.
Deutsche Telekom AG is a safe place to hide. When the market faces times of uncertainty, this is exactly the type of company that investors use as a piggy bank as a safe haven until the grey skies clear. Telecommunications have been a winner for 2019 and that looks set to continue.
COMPANY PROFILE
Deutsche Telekom AG engages in the provision of telecommunication and information technology services. It operates through the following segments: Germany, United States, Europe, and Systems Solutions, and Group Headquarters and Group Services. The Germany segment comprises all fixed-network and mobile activities. The United States segment combines all mobile activities in the U.S. market. The Europe segment encompasses all fixed-network and mobile operations of the national companies in Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, the Netherlands, Slovakia, Austria, Albania, the F.Y.R.O. Macedonia, and Montenegro. The Systems Solutions segment offers integrated solutions for fixed and mobile networks, highly secure data centers, and comprehensive cloud ecosystem made up of standardized platforms, and global partnerships. The Group Headquarters and Group Services segment focuses on board department such as gloabl network factory, and group technology unit as well as the Pan-Net industries. The company was founded on January 2, 1995 and is headquartered in Bonn, Germany.
Deutsche Telekom: Violent breakout incomingTightly sqeezing BB and sleeping alligator indicate, that a most violent breakout from this tight consolidation range is coming. Price remained fearly constant while the RSI has been slowly moving upwards. This combined with the recent gap down could indicate a bullish breakout, closing the gap. If you decide to trade this, either wait for the breakout to start before entering or make sure to trade a small position size with the SL just below the lower BB.






















