SNSN schreef op 24 november 2014 11:50:
KPN is not correlated with the indices (beta is almost zero, slightly negative), and so far with many other telcos (which do have positive correlations with indices). Because of very different underlying processes (partially related to "specific" shareholders' structure and its changes - see old posts), kpn is a unique market & credit/default "risk-neutral" fund and has another set of mid/long-term drivers....
Given the average duration of short-term sub-trends (between the upper/lower borders of our rising channel since Nov 10) is ~3 sessions, and taking into account that the upper border was hit last time on Nov 19 (while the lower border was hit just today), there is a reasonable prob that the stock could be preparing for a new short-term sub-uptrend (within the same channel).