New to trading: My analysis on DTE (Support Test & Breakout?)Hi everyone, I am new to trading and practicing my technical analysis. I would appreciate your feedback on this setup for Deutsche Telekom (DTE).
My Analysis:
Support: It looks like DTE recently tested a key support level where the descending trend line intersects with the Fibonacci levels.
Targe
Compare with Deutsche Telekom AG Sponsored ADR
1.82 EUR
9.23 B EUR
114.42 B EUR
4.78 B
Next report date
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Details
Sector
Industry
CEO
Timotheus Höttges
Website
Headquarters
Bonn
Founded
1995
IPO date
Jan 24, 2000
ISIN
US2515661054
CUSIP
251566105
FIGI
BBG00PDCWW70
Identifiers
ISIN US2515661054
Deutsche Telekom AG engages in the provision of telecommunications and information technology services. It operates through the following segments: Germany, United States, Europe, Systems Solutions, Group Development, and Group Headquarters and Group Services. The Germany segment comprises fixed-network and mobile activities for consumers and business customers in Germany, as well as telecommunications services for carriers. The United States segment combines mobile activities in the U.S. market. The Europe segment includes fixed-network and mobile operations of the national companies in Greece, Romania, Hungary, Poland, the Czech Republic, Croatia, Slovakia, Austria, North Macedonia, and Montenegro. The Systems Solutions segment offers integrated products and solutions to business customers. The Group Development segment manages entities, subsidiaries, and equity investments. The Group Headquarters and Group Services segment pertains to other Group units and focuses on technology and innovation. The company was founded on January 1, 1995 and is headquartered in Bonn, Germany.
DTE DT. TELEKOMDT. TELEKOM AG - 1h
After eliminating its first serious retracement at 30,64 EUR, the chart shows a correction as expected. There is a chance of closing the gaps on downside mentioned in red before rallying again.
Next retracement on the upper side will be at 44,82 EUR. If the chart forms higher hig
DTE Investment OpportunityI'm expecting the price to continue to bearish trend initiated. The pullback should be completed.
We can see that Liquidity was taken from several inducements and that the price reacted well on supply zone and broke the structure downside.
all these events give us good probability for the executio
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Displays a symbol's price movements over previous years to identify recurring trends.
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