After the announcement of the joint venture between ThyssenKrupp and TATA Steel, will help the European seel maker to evade the 25% imposed tariff on European steel producers that the US have announced in the previous month. This fundamentally can boost the price to reach 25.45 in the next 2-3 months, adding on the fact that the price per share is seen as undervalued in relation to industry competitors and the average price of German competitors.
Info possible but not ultimate values:
Entry: 20.50
Take Profit: 25.45
Stop Loss: 16:45
Info possible but not ultimate values:
Entry: 20.50
Take Profit: 25.45
Stop Loss: 16:45
The Trade Academy R&D Team
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.