We are (again) at the crucial point M+(1.617)....and sentiment is positive
our target is ~1.63..... as we are at important level a lot of fake advices, rumours, and other rubbish "info" could be excpected.... So, be very selective to recognise/separate the real and fake info....
From wider (mid-term) prospects:
On July 17 the negative “second leg” mid-tem scenario (with the target ~1.51) was broken and cancelled....... actually from the very objective reasons – price/volume distributions. However, more rational behaviors of retailers also played a role (not too many people were leaving and/or taking losses, even if many "bad stops"were hit).
As a result, a (pure technical) “buy signal” was formed at the end of July 17 (you were informed)…. So, we went up yesterday… choosing a (positive “second leg”) mid-term scenario with the first target ~1.61 and then ~1.63.
Certainly that (positive scenario) “destroyed” fully the plans of profs (playing down, towards ~1.51)….. and we may see some increase in volatility…. and new attempts to push down…. Those new attempts are actually based on large volume “up” - we saw yesterday, and a (little) “hope” of profs that (may be?) some traders may try to take fast profit …. creating extra pressure downwards….
From objective factors (price/volume distr.) the downward potencials for kpn are extremely low....
But, we dropped too fast today morning …. – only ~14 min at fixed level, and so far not too many traders had chance to make a reasonable profit…. That’s why further downward potentials are very small again…