TKA took a heavy dip today — and let’s be honest, it probably won’t be the last. The reason lies in the company split: TKMS, its naval division, is now tradable on its own. Naturally, when a split like that happens, market capitalization shrinks, and the price reacts accordingly. Add a few investors who missed the news and panic sold, and you get today’s selloff.
But does that mean our 16 € target is dead and we’re all doomed? Not quite. We got rejected cleanly off the resistance line (-0.236 Fib) right as the blue structure completed — a selloff was inevitable. When the market reacts that fast, it often seeks a deeper retracement, and that’s exactly what I’m watching.
The 0.618 level is where I plan to reload. I like that zone because it would align with the target line, creating a healthy lower low that still holds as a higher low on the larger structure — a textbook sign of a market that’s simply completing its formation, not collapsing.
But does that mean our 16 € target is dead and we’re all doomed? Not quite. We got rejected cleanly off the resistance line (-0.236 Fib) right as the blue structure completed — a selloff was inevitable. When the market reacts that fast, it often seeks a deeper retracement, and that’s exactly what I’m watching.
The 0.618 level is where I plan to reload. I like that zone because it would align with the target line, creating a healthy lower low that still holds as a higher low on the larger structure — a textbook sign of a market that’s simply completing its formation, not collapsing.
Đã hủy lệnh
With the recent split, the charts got thrown off quite a bit. I’ll need to take some time to redraw everything properly. Until then — no TKA trades.
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.