[quote alias=SNSN id=8242851 date=201502091337]
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Actually you can answer that question yourself accounting for the following (and comparing with your own trading/investment objectives):
- A "systemic" rising (indicated by technical stuff, though based on "new kpn" fundamentals) was scheduled on Jan 2015 the latest (see old posts), and was "planned" still last Aug-Oct (see posts on LT trading pattern)
- The LT resistance zone ~2.79-2.81 was a "strategic" one, that is even if it was broken and confirmed on daily-scale, for the strategic resistance to be "broken definitely" it must be confirmed on "strategic horizons" (at least, weekly scale)
- Above ~2.84 a "strategic buy-signal" was generated, though it must also be confirmed on a "strategic horizon" (see above)
- Given the "fair value" for "new kpn" is around ~4.0, the stock is still highly undervalued (just one out of a very small number of undervalued funds left within the highly overvalued indices), and it is (still) near the lower edge of its "systemic" rising channel since Aug 2013
- Given a very low correlation with indices (beta ~ -0.1) , high upwards potentials at low downside risk, actually due to its "risk-neutrality" (market & credit-default risks are almost zero), the stock has certain preferences in both scenarios (up & down) for aex, as well as, at increasing market volatility (just for comparison: the asml-stock, for instance, being "pumped" for years by several big-guys, is the most overvalued stock at ATH, its "fair value is just around ~39.0 and it's currently at the upper border of its rising channel since 2009, it has the largest beta = 1.75 among ALL traded funds, so far the highest market risk..., at the price-target around ~66 - the lower edge of its rising LT-channel)
- After steep rising since mid Jan, and breaking above the "strategic" resistance zone ~2.79-2.81 the kpn-stock must pass by "consolidation phase" (above the resistance) confirming the "strategic fact"....., with a reasonably high prob it's exactly that what we see currently (of course, conditional on rational behavior of kpn board, that's "no stupid" actions at least)
- As you know, after consolidation the stock usually continues its trend
- Given objective quant data (fundamentals, financials, etc., etc.), kpn has the high prob and (objective) potentials to outperform (in near future) even (slightly) losing its clients, if any..... (conditional on rational behavior of its board)
Ok, let's wait how long this consolidation phase will last slightly above and around the breakout level!