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Deutsche Telekom shares: next attempt at the big breakthrough – chart analysis

Deutsche Telekom shares are currently up just under 3 percent, at 15.425 euros, almost at the daily high, and are slowly but surely working their way back to a resistance zone that is important for the chart. Great price-moving news about the Bonn telecom group cannot be seen today. However, the share price of the DAX-listed company had repeatedly bounced off the 50-day line in the last few days and is now rising above the small hurdle at 15.250 / 15.295 euros, which consists of the last three daily highs.

In terms of chart technology, however, much higher obstacles await the Telekom share. The lower area of ​​the resistance zone is 15.38 / 15.54 euros and has now been reached. At the top, the zone is limited by technical chart hurdles at 15.575 / 15.725 euros. Since June, these two areas have been like a lid on the price development of the Deutsche Telekom share. The technical buy signal would be correspondingly strong if the share price were to overcome this barrier. If this does not succeed, the sideways movement that has characterized the past few weeks will remain for the time being.

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