Possibility of purchases of Daimler AG

Daimler (DAI.DE)
Time Frame: D1
16.02.2017
Price in an uptrend, currently is at good levels after adjustment for input.
The price breaks mid-term descending channel and currently correction to levels of horizontal and diagonal levels of support that match the 23.6% Fibo retracement of the new upward movement.
The company has good financial indicators, each year significantly increased revenue from sales.
EPS of the company is 7.64. Analysts come up with a recommendation for the company Buy. Analysts' expectations for price this year were it to reach € 75.00.

Price Action: price opens with Gap up from levels of support and forms a pin bar - a strong signal in support of the upward movement.
Technical indicators: CCI (14) crosses the 0 bottom up - a positive signal for the price and the possibility of a new upward movement.
50 SMA above the 200 SMA - confirms the upward trend of price.

Here is the schedule of the main movement:

SL: € 64.90

Alternative scenario: If the price crosses back below the diagonal and horizontal support and remain at levels below € 66.00 the positive scenarios will be spoiled and are more likely to see a drop in price.

Jr_Trader_P_Milanov

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