freenet AG : Waiting for the buying signal
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€19.08 | €20.5 | €18.7 | +7.47% |
From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving year over year, showing a good financial health of the company.
Technically, prices continue to increase sharply for several month. On all time scales, the share price and moving averages are well-oriented. The security is now moving toward the mid-term resistance located at EUR 19.3 and seems able to breakout soon. This crossing would provide a strong buy signal in order to aim the trendline around EUR 20.5.
Investors could take a buy position once prices will be above the resistance. A stop loss will be positioned under EUR 18.7.