HEN3.DE: Good levels to buy shares

Instrument: HEN3.DE
Time Frame: D1
Long-term uptrend. The price adjusted to levels of previous maximum and is horizontal support formed by him which coincides with 50SMA and 200SMA - positive formation for the share price.
indicators:
50SMA above 200SMA - a positive signal traffic is Long.
RSI (14) - Sochi up and above 50 - a positive signal traffic is Long.
Price Action: Pin bar on the level of strong support - a positive signal for the price.
foundation:
Revenues over the years, the company grew revenue every year. Net profit is also in an upward trend.
Recommendations for the company: The recommendations given by a group of US analysts tend to buy the stock.
Sector: Consumer Goods. Sector is one of the best developing worldwide and this is good for any purchase of shares.
The action is part of the composite German DAX30 index which is currently growing.
Until the publication of the annual financial statements of 23.02.2017g there a month, enough time cost to develop in a positive or negative direction.
SL: € 110.00

Alternative scenarios: if the price falls below the support levels and moving averages, and manages to hold below them, the positive scenarios for the development of the price will fail and will probably continue decline.

Trainee_P_Milanov

Read more:

• DAX continues consolidate
• Sodexo – Breakthrough the short trend channel and forming a new upward trend
• Norma Group (NOJ): Breakthrough a key resistance zone
• Capita PLC: Inverted head activated, for increace
• Canopy Growth Corporation (CGC) Breakthrough the bearish channel, possible long