Traders Beware!

Fraudulent websites posing to have a connection with JFD

Please be aware of fraudulent websites
posing as JFD's affiliates and/or counterparties

More information
by Darius Anucauskas

The Deutsche Telekom Stock Is Still Ranging

The technical picture of the Deutsche Telekom AG stock (ETR: DTE) shows that it has been moving sideways from around the end of May. The share price is currently stuck roughly between the 14.10 and 15.59 levels. At the end of September, the stock tested the lower bound of the above-mentioned pattern, from which it rebounded and is now sitting near the middle of that range. In order to consider the next directional move, we would like to see a break of one of the sides of the range.

A drop through the lower bound, at 14.10, may spook new buyers from entering for a while, as such a move would confirm a forthcoming lower low, increasing the stock’s chances of moving further south. DTE could then slide to the 13.75 obstacle, or even the 13.28 area, marked by the low of May 20th. The share price might get a temporary hold-up around there, but if there are still no new takers of the stock at that price, this may result in another decline, possibly bringing the share price to the 12.81 level, marked by the lows of April 28th and May 4th.

The RSI is pointing a bit higher, while remaining fractionally above 50. The MACD is also currently pointing slightly to the upside, while sitting slightly above its trigger line, but within negative territory. It seems that both oscillators support our idea of waiting for a violation of one of the range boundaries first, before examining the next possible move north or south.

On the upside, if the share price climbs above the upper side of the aforementioned range, at 15.59, and also pushes above the highest point of September, at 15.72, that would confirm a forthcoming higher high, potentially inviting more buyers into the game. DTE could then rise to the 16.18 obstacle, a break of which might clear the path towards the current highest point of this year, at 16.75.



The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.

There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure.

Copyright 2020 JFD Group Ltd.