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TKA DE: Proper levels for new long positions

TKA stock forecast

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TKA.DE: Our expectations: Uptrend, which gives proper levels for new long positions after the correction. Possible limit from current levels with stop 22.07 EUR.

Alternative Scenario: Lowering the price below the previous low below 22.50 will increase the probability of deeper correction where short positions will be more probable.

Comments: Trend remains upward, positive price trend, a higher top and a higher bottom.

Price at levels of diagonal support.

Double bottom at levels of trend support.

Bullish Pin bar at levels of support and price over its base - a positive signal.

The CCI crossed above -100 - bullish signal as the trend remains active.

Stefan D. Angelov - Head of Stocks trading


 Varchev Traders

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