The algorithmic advisor Market Miracle generated an input signal for the company DSM KON.
The company operates in the field of nutritional products and has been one of the industry leaders in Europe for years.
Currently the price of the share is slightly above its fair value but the recent quarterly results seem to have given new impetus to the price of the...
Disclaimer: this is not an advisory note, it is but an idea that I have come up with. Please give me feedback on how to make better graphs!
I think DSM will breakout in the near future, because of the wedge, and the long-term trend to which it has returned multiple times over the past years. The stock has been relatively stable overtime, and has been...
See my earlier post on DSM.
Price has reached (earlier than expected) its target Long on warning line of previous trendchannel (and has confluence with Upper Median Line of Pitchfork (in green).
For me this is a logical location for price to reverse (for at least a bit).
My bias is therefore short.
1.€ 82,50 - 83
2. € 75 - € 77
3. € 67 - 67,50