SAAB is not getting any love
Updated
The main focus is as the comment describes:
"Testing weak support for the fourth month in a short period of time,
if it breaks I expect a move down to around ~ 260."
The second most important thing to be looking at is that it never really recovered from december lows, while the rest of the market went mooning to new heights.
Entering half of my intended position on monday, rest if monthly closes below 50 day MMA.
"Testing weak support for the fourth month in a short period of time,
if it breaks I expect a move down to around ~ 260."
The second most important thing to be looking at is that it never really recovered from december lows, while the rest of the market went mooning to new heights.
Entering half of my intended position on monday, rest if monthly closes below 50 day MMA.
Note
It took a couple of months for this one to play out, but reached my target of 260 SEK and found support.One of the most clean trades of the year.
The stock is now touching both daily and weekly DMA 200, waiting to see if it'll get rejected or puncture through.
If it powers through I will most likely long it, since short interest is one of the largest on the swedish market for a company this size.
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