GENMAB A/SShort
Will the trend hold?
Back in late 2014 Genmab broke out and haven't looked back since, though it have seen many downturns on the way, as we can see it has been through 4 big downturns of 25%+ drops. Another one could be in motion, a weekly bearish engulfing candle has formed and we have seen it drop 15% and is now back testing the former resistance and is about to test the bottom support trendline . If it doesn't hold we could likely see another 15% drop back to 1228 kr .
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