IPS.Fr, D1, 13.03.2017
Long term rising trend. Correction till 50.0 Fibo levels, horizontal and diagonal supports and SMA 200.
Price Action: Pin bars and a fake breakthrough of SMA 200.
Technical Indicators: SMA 50 above SMA 200 - confirming the positive movement
Fundamental: The company's annual report shows growing over the past 4 consecutive years. The annual report for 2016 shows 14 000 euros growth compared to the previous year. Company's EPS is 2.4 and it doesn't give dividends. With the growing political risks in the EU and the uncertainty, regarding Trump's promises, the european services sector shows growth. Buying this stock is a good opportunity for a hedge against those risks.
SL: 27.400
Alternative scenario: If the price goes under the horizontal and diagonal supports, as well as SMA 200, this scenario might be denied.
Jr_Trader_A_Kumanov
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