That was a push last week. DAX is up by 2.85%. Everyone was talking about a correction and it did not happened.
Let's talk about how our investment was working.
ThyssenKrupp is on our agenda since early December. The stock achieved last week an increase by 8.8%. Top of the league. The chart is meanwhile on an overbought level with an RSI 70. But all other indicators indicate the journey will continue. The stock is meanwhile back in the middle of his channel and crossed the SMA50.
Lanxess was the title where we thought the stock lost his drive. But after he developed a sell signal the stock continued to increase his price. 7.32% for the week, 2nd in class is an surprising result. Will it continue? The stock broke through a resistance line by 48.30 euros, crossed during the week the SMA50 line and touched last Friday the SMA200. All indicators for a performance into the right direction. We still looking for a target of 52.50euros.
The third stock we mentioned last week was HeidelbergCement. The stock went to the side and achieved only with 1.09% less than DAX. While we admit the stock did not perform as we expected, we still sure the stock will increase. The ADX is still with 34 in an area where we buy a stock. DI+ and DI- are still good, RSI is not overbought, it is just the volume which is not good enough. The PVI is hardly going through the signal line. We will see if that will change next week.
But as always: just my 5 cents
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