Deutsche Telekom AG : A resistance level that suggests downside risk
Entry price | Target | Stop-loss | Potential |
---|
€13.1 |
€12 |
€13.8 |
+8.36% |
---|
Shares in Deutsche Telekom AG are trading close to a major resistance level situated around 13.44 EUR, which limits upside potential and could cause a corrective move to the downside.
Summary● The company has solid fundamentals for a short-term investment strategy.
Strengths● Sales forecast by analysts have been recently revised upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
Weaknesses● The stock is close to a major daily resistance at EUR 13.44, which should be gotten rid of so as to gain new appreciation potential.
● The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 13.86 EUR
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