After all that fear in the market, Kühne&Nagel was that stock to buy in the swiss market. Strong sales, strong profit, good EBIT margin. So, what else? KNIN was in a "sell-off" since its ATH in January 2018. But now, I think its time to buy this company because of several reasons.
First of all, the price hit the trendline from the Jan. 2011 to June 2013. This was a strong support, so that investors could load on some shares with a good price at all! In a weekly chart, just the fuse of the candle hangs downwards, but not the body. Thats important. It was equal to say it was the buy oppurtunity in this stock.
General Market Situation is definitely nice now. SPX is about its important daily emas 55 and 200. There could be some more buying power in the markets in the next few months or even new all-time-highs in us-stocks!
Moving Averages are resistances in the daily & also weekly time frame. But theres a chance to geht nearly to the ATH when we close with the weekly candle above CHF 145.00.
Hard resistances are the fibo levels: CHF 145.00, CHF 159.00 and the ATH at CHF 182.00.
I recommend to buy this stock and hold it until it hits price of CHF 158. Stop-Loss could be CHF 130.
(Disclaimer: The writer could hold some of the shares included in the text above)
First of all, the price hit the trendline from the Jan. 2011 to June 2013. This was a strong support, so that investors could load on some shares with a good price at all! In a weekly chart, just the fuse of the candle hangs downwards, but not the body. Thats important. It was equal to say it was the buy oppurtunity in this stock.
General Market Situation is definitely nice now. SPX is about its important daily emas 55 and 200. There could be some more buying power in the markets in the next few months or even new all-time-highs in us-stocks!
Moving Averages are resistances in the daily & also weekly time frame. But theres a chance to geht nearly to the ATH when we close with the weekly candle above CHF 145.00.
Hard resistances are the fibo levels: CHF 145.00, CHF 159.00 and the ATH at CHF 182.00.
I recommend to buy this stock and hold it until it hits price of CHF 158. Stop-Loss could be CHF 130.
(Disclaimer: The writer could hold some of the shares included in the text above)