After yesterday (unsuccessful) attempt to break upwards the crucial level ~2.325 (former PP), we are moving along the upper border of our old (descending) channel. Although our (downwards) pattern target is ~2.25, there is a reasonable prob that we are passing by a “mid-term” turning point at current level.
Our “short-term” support is ~2.28. However, if this support level is broken down, the next “mid-term” support is at ~2.25 (it’s also our pattern target)
One of the reasons for the downward trading pattern since Nov. 15 is that the prob for e-plus deal to be approved is high enough. So, some active small/mid-size prof trading parties, on the one hand, would like to buy (in bigger volume) at lower prices (where more retailers could also step in) to maximize their profits. And, on the other hand, they would strongly minimize their downside risk in case if the e-plus deal would not be approved. Thus, the observed trading pattern (with almost ~3 times higher volume on the upward leg since Oct. 17, than on the downward leg since Nov. 15) is a trivial optimization strategy for the risk/return trade-off by advanced prof trading parties .....
So, for small retailers/investors it's better not to take part in the profs' games which they (retailers) do not fully understand. That means - keep your shares if you believe that the e-plus deal will be approved....
Actually the best (investment) strategy (in such cases) is to “follow your main shareholder” (as for kpn, it's CS which does NOT sell his shares)