Legal Notice

HKCM GLOBAL GmbH & Co. KG Turmstraße 30 CH - 6312 Steinhausen

Company identification: CHE-248.182.113

HRA 725037 / Taxnumber: 9315502404

Personally liable partner: HK Verwaltungs GmbH

HR B Stuttgart 756 487

Contact

Email:

support@hkcmglobal.com

accounting@hkcmglobal.com

Managing Director

Philip Klinkmüller

Disclaimer

All analyses provided on this website and in HKCM's publications are based on the Elliott Wave method of technical chart analysis and the application of indicator-based and cycle-based analysis methods. The method and the underlying assumptions applied in each case are explained in more detail in the individual publications. Further information can be found here. Analyses and information are provided for general information purposes only and do not constitute investment advice, a specific recommendation to buy, sell, or hold financial instruments or crypto-assets, or a recommendation regarding any particular investment strategy; they merely reflect our opinion. The opinions expressed may change at any time without prior notice. All information is provided with due care in accordance with the state of knowledge at the time it was prepared; however, no guarantee or liability is assumed for its accuracy or completeness.

In particular, no individual investment recommendations are made. Any mention or discussion of issuers, securities, derivatives, trading platforms, or other financial service providers is for informational purposes only and does not constitute a recommendation to acquire, hold, or sell.

Users and subscribers who make investment decisions and/or carry out transactions on the basis of the information provided act on their own responsibility and at their own risk. The information provided cannot replace individual investment advice tailored specifically to the user's or subscriber's personal and financial circumstances, provided by qualified investment, wealth, or tax advisors. HKCM assumes no liability for losses or damages arising from the use of the information provided.

Please note that investments in the capital markets and trading in any financial instruments (e.g., shares, bonds, securities, derivatives) and crypto-assets involve risks, including the risk of a total loss of the capital invested. Past performance is not a guarantee of future results. In particular, trading in financial instruments such as warrants, futures, so-called leveraged products, CFDs ("Contracts for Difference" – financial contracts for difference), or other derivatives carries significant risks, including the risk of a total loss of the capital invested and even the possibility of losses beyond that. Such transactions are speculative and require a high degree of expertise regarding the financial markets, the trading instruments, and the strategies involved. In particular, CFDs and other leveraged products are complex instruments and, because of the leverage effect, carry a high risk of losing money quickly. Before investing, users should consider whether they understand how the relevant financial instruments work and whether they can afford to take the risk of losing money.

HKCM's managing directors and employees may hold positions in the financial instruments or crypto-assets discussed in analyses or articles at the time of publication.

The information provided is based on sources considered reliable. However, no warranty is given as to the completeness, accuracy, or timeliness of the information, interpretations, and calculations.

The content of this website and of HKCM's publications is protected by copyright. Any reproduction, distribution, or disclosure to unauthorized third parties without prior consent is prohibited. Violations will be prosecuted under civil and criminal law.

By using this website or subscribing to the Market Updates, you agree to this disclaimer.

Responsible for the preparation of the publications:

Hopf-Klinkmüller Capital Management GmbH & Co. KG, Hasenbergsteige 5, D-70178 Stuttgart

Contributors to the preparation of the publications: Philip Klinkmüller (Managing Director), Murat Örs (Head of Analysis), Marvin Schmid (Senior Analyst), Raffaele Lanzaro (Senior Analyst), Max Pfeffer (External Analyst), Max Donner (Analyst), Daniel Geier (Analyst), Julian Schönfeld (Junior Analyst), Robin Lässer (Junior Analyst).