Weekly Cup and handle pattern on german MDAX stock KLOECKNER

12 Eki 2017

This is one of my favourite german stocks currently.
I bought around 10.20€ and looking to add further if we get a dip into the 9.90-9.70€ area.
Stop is below 9€ for now, but its more an emergency stop, i dont think it will fall this far, but one never knows, its important to have a stop.
Its just a perfect technical setup and i am seeing great possibility for a big move higher.
Also the fundamentals are nicely lining up, they posted their best earnings report in 6 years last quarter.
So i am expecting a nice turnaround story on this german steel manufacturer.

27 Eki 2017

İşlem aktif

Another small cup and handle pattern is forming in the handle of the big weekly pattern. See chart:

Entered 9.80€ Stops below 9€. Target for now 13€.
We are having a 3:1 Risk:reward for a potential of 8:1 later on.