ThyssenKrupp Stock: Unbelievable Target!
Thyssenkrupp’s stock climbed 2.1% on Thursday, closing at €9.24. The gain marked a recovery of a previously lost level, reinforcing recent technical strength. However, fresh legal action from Salzgitter over their joint venture has raised concerns among investors.
The stock’s upward movement came without pressure from lower support lines, suggesting solid consolidation. Analysts now see €10 as the next critical test—a level that has been a recurring focus for months.
Technical indicators also point to potential gains. The 100-day moving average sits below the current price, while the 200-day average stands at €7.25, hinting at further upside. Meanwhile, Thyssenkrupp Nucera’s stock has attracted increasing attention, adding to the company’s broader positive momentum.
Yet, the market faces uncertainty after Salzgitter launched legal proceedings against Thyssenkrupp. The dispute centres on their joint venture, HKM, casting a shadow over the stock’s recent progress.
Thursday’s session confirmed Thyssenkrupp’s recovery, with €10 now the immediate target. The legal challenge from Salzgitter, however, introduces a new risk factor. Investors will be watching how this dispute unfolds alongside the stock’s technical performance.
