Last Friday I was scanning all DAX stocks and I got one favorite: ThyssenKrupp.
You might say easy decision because for two days were a lot of stocks traded. But you never know how the story will continue. My trade system gave a clear buy decision and today's trading confirmed the company is on a run to the north by gaining another1.61%.
The question is will it continue this week? Let's see what the different indicators tell us about the current situation of this company. SAR is in a buying phase; MACD crossed the signal line already in late April; PVI crossed signal line last Thursday and +DI crossed -DI. An ADX of currently 43 indicates a good trend and we can assume the trend will continue. At least for this week. We will see.
As always: just my 5 cents....
You might say easy decision because for two days were a lot of stocks traded. But you never know how the story will continue. My trade system gave a clear buy decision and today's trading confirmed the company is on a run to the north by gaining another1.61%.
The question is will it continue this week? Let's see what the different indicators tell us about the current situation of this company. SAR is in a buying phase; MACD crossed the signal line already in late April; PVI crossed signal line last Thursday and +DI crossed -DI. An ADX of currently 43 indicates a good trend and we can assume the trend will continue. At least for this week. We will see.
As always: just my 5 cents....
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