Deutsche Telekom's decline slows but holds
Deutsche Telekom rises 3.9%, but the decline stays capped in the 26.3 area
Deutsche Telekom's decline slows but holds
Our view last week
Deutsche Telekom is in week 14 of a sell signal, with the position up 18.3% since opening. The week just closed down 4.2%, and the technical picture shows no sign of a pause: weekly RSI keeps sliding, MACD keeps worsening. The decline continues without a break.
This week's summary
Deutsche Telekom shares rise 3.9% in a week dominated by buyers (89% of volume), but daily money flow stays negative and the price is boxed into a very tight range, between the 26.3 and 26.0 areas. The Sell signal has been under management for 15 weeks, with the short above 15% in profit: for now the picture reads as a pause inside the decline.
IQS Phase
56
ordinary
Signal Strength
31
decline losing steam
Sizing
REDUCED
Ranking
#19 / 54
EU-UK stocks
Trade P&L %
+15.11%
from signal to today
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