Mekonomen on Swedish exchange. Nice results. Good company which delivers solid results. Quite high historically but another bull run if we bounce inside the trading channel. Supported by lateral RSI, positive TSI and MACD. Target 95 SEK mid-December 2019. On the other hand, if we break under the channel, probable sideways move well into January 2020.
Note
Clarification.... I meant quite historically in near time last couple of months. Seen on a longer perspective we are instead relatively low after a steady decline since August 2018 dropping from 135 to where we are today at around 87
Trade active
Still in its channel, so far so good
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.