Deutsche Wohnen (DWNI.DE), D1, 28.03.2017
Long-termed long movement, correction till horizontal and diagonal supports, 23.6 Fibo and 200 SMA.
Price Action: Price on levels of multiple supports, as well as SMA 200.
Indicators: RSI (14) - no clear signals
SMA 50 and SMA 200 crossover - a strong signal for the end of the correction
Fundamental: The company is from the real estate sector in Germany. It has 3.79 annual EPS and doesn't give dividends. Since 2012, the company showed growth in it's annual reports, which is a positive sign and gives confidence to the investors. On it's last report (annual and Q4) for 2016, the firm continued with its positive results and exceed customer expectations with excellent performance.
SL: 28.35
Alternative scenario: If the price goes and maintain levels under the supports and SMA 200, the correction might continue till 38.2 Fibo.
Jr_Trader_A_Kumanov
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