SNSN schreef op 30 juni 2014 09:06:
For today: PP=2.638
Resistance: R1=2.682, R2=2.706
Support: S1=2.614, S2=2.57
Our main "falling-top-line" that determines downwards subtrend since June 18 is currently at ~2.657. It must be broken upwards to confirm a switch to new rising subtrend towards the upper border (~2.86 today) of our "systemic" rising channel (formed in Aug 2013).
The "mid-term" pattern target is ~3.0, and a short stop at ~2.82-2.84 could be expected. The fair value is around ~4.0
The “beta” is small, and slightly negative, so that the market-risk is very low, as well as, credit-risk/default-probability is (almost) zero.
At current (undervalued) level the downside risk for kpn is negligible (CS synthetic option)