Short term view - DEUTSCHE TELEKOM : Pull-back
The trend has been momentarily interrupted by a correction. It approaches the support at €13.100, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at €14.200. The invalidation level is below €12.830.Arguments :
- Prices are pulling back to the support level (previously a resistance). The rise will resume afterwards.
- The moving average is supporting prices.
- The bullish gap has been tested, the rally resumes.
Deutsche Telekom is engaged in the telecommunications services and information technology sectors. Co. operates as an integrated telecommunications provider. It is organized into four operating segments: Germany, Europe, and the United States; and Systems Solutions, as well as Group Headquarters and Shared Services. Co. provides fixed-network lines, broadband lines and mobile communications. Co. also provides customized Information and Communication Technology (ICT) solutions for corporate customers under the T-Systems brand. The Group Headquarters and Shared Services segment comprises cross-segment management functions, real estate services, and mobility solutions, among others.
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