KRN.DE 08.08.2016
D1 chart
Upward trend, mid-term correction to levels of horizontal and diagonal support.
The share is performing better than the DAX index. The EPS (Earning per share) for the last 5 years are between 1.5% and 4.3%. Looking back 5 years, revenues of the company are increasing 6-8% yearly.
Price action signal - Pin bar at levels of horizontal and diagonal support
Technical indicators:
RSI(14) - Turns from the lower basis level- positive isgnal.
SL: 83.50
If the price goes below the bottom of the pin bar and Fibo 61.8, this will break the positive scenario.
Jr_Trader_B_Arabadzhiev
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