Deutsche Telekom share: Financial expert sees trend change from long to short - opportunity for investors?

Deutsche Telekom share: Financial expert sees trend change from long to short - opportunity for investors?

According to a report by www.finanzen.net, Deutsche Telekom shares could be facing a sustained trend change from long to short. The stocks have come under pressure since their high of 22.90 euros and have so far fallen to 21.34 euros on December 19th. As a result, a countermovement by the bulls started, which, as expected, ended at the 10-EMA on Friday.

The previous analysis of Deutsche Telekom shares indicated that the shares could reach a high and could subsequently start a new decline. There is currently a bearish daily candle at 21.58 euros, and the shares are heading towards the important 50 EMA at currently 21.52 euros. A sustained breakthrough below the 50 EMA could further deteriorate the situation and initially make a retracement possible to the upper limit of the Ichimoku cloud in the area of ​​21.10 euros. Traders could speculate on a rebound in Telekom shares at the 10 EMA in the daily chart and a further price decline. It could be advisable to take a short position with an Open End Turbo warrant from Bank Vontobel, with a price target in the range of 21.10 euros and a stop at 22.10 euros.

The above information indicates a possible downward trend for Deutsche Telekom shares. If this trend continues, it could have an impact on the market and the industry. Investors could recalibrate their portfolios and reconsider investments in telecommunications companies. It is important to follow developments closely and make informed investment decisions.