Short term view - THYSSENKRUPP : The moving average is capping prices.
The trend remains neutral. Prices will have to break below the peak at €22.300 for the trend to be negative again with an invalidation level above €24.300.Arguments :
- The support has been reached, it causes the bounce.
- The resistance has been reached, we are waiting for a sign of weakness to turn negative.
- The 50% retracement has been reached.
- The moving average is capping prices.
ThyssenKrupp is the parent company of the ThyssenKrupp Group. Co. has six business areas: Components Technology, which provides components for the automotive and machinery sectors; Elevator Technology, which supplies passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts; Industrial Solutions, which comprises the System Engineering and Marine Systems units; Materials Services, which focuses on materials distribution and technical services; Steel Europe, which develops, produces and markets flat carbon steel in the European market; and Steel Americas, which produces, processes and markets steel products in North and South America.
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