freenet AG : Benefit from the uptrend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€15.3 | €17.3 | €14.6 | +13.07% |
The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates during the year.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a crossing of the EUR 15.3 resistance. The first target price is the EUR 17.3-. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be fixed under the EUR 14.75 short term, threshold that would invalidate this trading strategy.