We can read it meanwhile every day. The stock market is on the run and achieves every day new records. But will it continue or is it time to go out of the market? As one of my first Professors said: if I can read in the newspaper how good the stock market is,it is time to sell.
I scanned the German DAX companies and I think it is to early to make such a blond statement. But a few might see a correction next week or will go for some days into a side trend. But as always there are still opportunities.
The best opportunity for an investment next week is from my point of view RWE. The stochastic indicator left 2 weeks ago the oversold area and is rising. For a very long time the stock was over sold. It looks like things are changing. On Friday the stock developed a SAR buy signal. Other indicators support the picture like MACD crossed the signal line and RSI is aiming for 50. But most important is the development of -DI on Friday. The indicator dropped like a stone. Things are changing with this stock. An increasing ADX with meanwhile 44 support the statement. I might be totally wrong but RWE is my tip of next week.
But as always: just my 5 cents
I scanned the German DAX companies and I think it is to early to make such a blond statement. But a few might see a correction next week or will go for some days into a side trend. But as always there are still opportunities.
The best opportunity for an investment next week is from my point of view RWE. The stochastic indicator left 2 weeks ago the oversold area and is rising. For a very long time the stock was over sold. It looks like things are changing. On Friday the stock developed a SAR buy signal. Other indicators support the picture like MACD crossed the signal line and RSI is aiming for 50. But most important is the development of -DI on Friday. The indicator dropped like a stone. Things are changing with this stock. An increasing ADX with meanwhile 44 support the statement. I might be totally wrong but RWE is my tip of next week.
But as always: just my 5 cents
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