Crucial (decision) point M--(2.317) - almost coincides with the dip of last Friday (see recent post).
The S2 level was not broken, and the total (today) negative balance is just ~3.0 M (compare to former post). Its actually not rising since ~12.50 any more.... ("ramming clients" didn't deliver more losses).
Just because of "guaranteed" improvements in kpn financials, it has grounded expectations for structural performance improvements (starting from H2). Thus, on a mid/long-horizons highly undervalued kpn is an attractive fund (with extremely low downside risk, default probability and “beta”) for new "shareholders" .... However, “new shareholders” would certainly like to get in as lower as possible. As a result, their objectives are to get prices as lower as possible on a short horizon.... by manipulating "short-term sentiment" down. As for the mid-term sentiment, its just can't be negative, as structural performance improvements are guaranteed by e-plus transactions, while all existing & imaginary "negativities" are priced in.
Remember, current price formation is pure technical, driven by mid-size profs (fundamentally supported by fake advises, "old news", rubbish publications, etc., etc., as well as, technically supported by active short/long volatility traders) playing trade-off short/long-term sentiments with return optimization objectives.
Thus, business (i.e. technical computer trading) as usual...., nothing more. That's why do NOT take any losses ..... if you don't need to do so. Be rational, think in terms of objective stuff and your invest horizons.
Again, DO NOT listen any "advice" if its NOT fully grounded with just objective figures you could validate yourself.