LIN.DE Our expectations: Long trend, adjustment to horizontal and diagonal support, possible entry with stop at 163.5.
Alternative Scenario: If the price goes below the diagonal support, it is possible that the correction continues to SMA 200, where we will look for new entry opportunities.
Comment: Price is adjusted to horizontal and diagonal support as well as 23.6 Fibonacci. Price Action from a pin bar, followed by an absorbing bullish bar. Correction up to 50% on the bar gives us good entry levels.
On an annual basis, the company shows very good results for market capitalization, earnings, gross and net income, EPS.
The company will publish its quarterly report on the 28th of this month. Investors' expectations are highly positive.
Lin is a part of Dax, and for the period of 1 year it moves along with the index.
Jr Trader Alexander Kumanov
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25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
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