TEAMVIEWER SELong
Long Teamviewer based on good news and technical analysis
Since December 2020 the stock used to bounce on the 200 SMA .
Before it was breaking through the 200 SMA but it tested it again and moving around it.
Option 1) Given the lower trendline and strong support indication based on volume the stock could bounce and may go up to test the Fibonacci 0.78 again.
If the stock breaks through the resistance there is nothing (low volume) and the goal would be 55€.
Option2 ) If fails again on the resistance the stock may consolidate within a triangle or even fall through the strong support.
Considering the MACD and RSI it will most like go up by the trend line, after some further consolidation
This is just a personal idea and no recommendation.
Before it was breaking through the 200 SMA but it tested it again and moving around it.
Option 1) Given the lower trendline and strong support indication based on volume the stock could bounce and may go up to test the Fibonacci 0.78 again.
If the stock breaks through the resistance there is nothing (low volume) and the goal would be 55€.
Option2 ) If fails again on the resistance the stock may consolidate within a triangle or even fall through the strong support.
Considering the MACD and RSI it will most like go up by the trend line, after some further consolidation
This is just a personal idea and no recommendation.
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