Trading Opportunities: Allianz, Cancom, Lanxess
Markus Gabel | Aug 30, 2016 01:02PM ET
Cancom (DE:COKG)
CANCOM SE is a provider of IT infrastructure. In recent years, through strategic acquisition, the enterprise has consistently developed from a niche-oriented trading company into the third-biggest manufacturer-independent systems house in Germany and a full-service IT provider.
From one single source, the range of products and services covers the entire spectrum of the consultation and creation of IT concepts, from acquisition, to distribution of hard and software, to integration and operation of the systems. As one of the most significant partners of HP, Microsoft, IBM, SAP, Symantec, Citrix as well as Apple and Adobe, CANCOM has crucial core competencies in IT.
The chart looks very promising and is showing us a clear buy signal. We can see a very young trend which is currently in the third correction of an intact upward trend. The lower edge of the green correction box was fiercely attacked once already, but was able to be defended once more. In the last few days, this area was traded once again, but the buyers were able to hold onto it yet again.
It seems as though an increased number of buyers are sitting there on the lookout in order to stabilize the price. And now this is exactly where our DowHow signals are showing up, inviting us to make a long trade. The stop can be placed very closely underneath the green zone. The targets are located at the last point two at €52.99.
Lanxess (DE:LXSG)
With a comprehensive product portfolio in the areas of polymers as well as basic, special and fine chemicals, Lanxess is among the most important chemical and polymer providers in Europe. The company develops, produces and markets plastics, rubbers, special chemicals and intermediate products.
With its products, the group is especially focused on sustainability and eco-friendliness. The program “Green Mobility”, for example, develops high-tech plastics that are used in the lightweight construction of vehicles and produce fewer emissions due to their reduced weight, thereby lowering fuel consumption.
Unfortunately, the price is currently not in the “green” zone, but is in a red downwards trend. Although the price has been able to make a significant correction up until now, we are currently seeing a clear DowHow short signal. This means that the probabilities are clearly distributed, and the downward trend is in a position to continue on at any time. With a close stop above the red zone, one can speculate on just such a continuation of the trend.
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Allianz (DE:ALVG)
Allianz SE is one of the leading global insurance and financial service providers. The headquarters of the company is located in Munich. The company was founded in 1890 in Berlin. Allianz employs around 142,000 workers. The following business segments are included in Allianz SE, which is active in the insurance and the financial service sector: indemnity and accident insurance, life insurance and health insurance.
For short-term traders, our DowHow signal is showing itself here in the long direction. With a long order and a stop beneath the green zone, one can speculate on a trend continuation here.
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