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
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