I would like us to retrace before we continue up, if we go up from here i expect a bigger retracement in the future and the continuation to be weaker. Bascily if you want SAAB to continue up in the long run you want a healthy retracement here. I can see SAAB to go up to 790 based on trend-based fib extension. After the retracement, if we hold the bouncing levels.
The OMX C25 shares had a very good bullish trend from the beginning of COVID-recession. Now the shares just finished a shoulder head shoulder bullish formation and is now testing at the support level. Now it is very possible that the shares are going to raise and reach the resistance level. Therefore we now could get a potential bullish trend where it can raise...
DSV - Intraday - We look to Sell at 1415 (stop at 1496.5) Broken out of the Head and Shoulders formation to the downside. There is scope for mild buying at the open but gains should be limited. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Further downside is expected although we prefer to set shorts at...
OMX pullback looking healty with a bounce at 200 ema.
Short term trend for OMX looking bearish. Looking to alter some cash and pick up HSTECH.
Melt up is here just like in 99/01, only question is for how long can it go on? I see in best case we go to 2300 (~7%), but you never know may as well end in disaster next week, or even blow pass 2300. Be careful out there, i'm starting to cut down on positions from here.
The Nordic indexes have struggled this week along with the USA. However, I believe we are in for a treat the coming week as the market relaxes! We had a beautiful bounce on the Fib (0.618), and with a close in the range 55-60 today I believe that we would continue to move upwards. If you have any questions please let me now! Best regards, Widtrade
CREADES is headed towards key resistance levels after 7% drop this Friday. * Divergence showing * Two conjoining resistance levels. * Channel has good height.
Navigating for a potential ABC correction phase over the next days/weeks before heading north in the fall? Looking at today's close followed by tomorrow for a potential bearish reversal pattern.
The price has moved into the 1630 zone where I'm looking for a potential cool-down.
OMXS30 might have some percent upside, but the market is starting to show weakness. This recession is just starting. Here is a shorting idea.
Index is up almost 23% since the bottom bounce a few weeks ago, and it's still below Fib 50% (1580) and EMA50 which, in my view, is still negative although we are trending above EMA20 - possibly positive in the long term. On 20 April, OMX formed a hanging man that was confirmed with another red close on 21 April. As long as we don't make a new high, I'm looking...
This is the beginning of the end for the Estonian stock market as the economical indicators are at the same levels in the country as in 2008 in terms of employment, unemployment, vacancies and all the other good things. Not only that but the market is in heavy correlation to our American friends whom are on their way down in to the dumpster. Here is an analysis...
THIS IS MY VIEW OF IT. Counted the waves by the elliot principle and got this results. the bull move isn't over yet if you ask me. GOOD LUCK, THIS IS NOT AN INVESTMENT ADVICE
Hey guys, as you see we see a long term chart. we are on the last wave 5 for a top at 2020 around 1870. Then we should see an retrace back to 1364. This is my long term analysis of OMX30. Please leave a comment THIS IS NOT AN INVESTING ADVICE.
Momentum has turned bearish on many fronts. Bearish trend pressure coming from above. Currently hovering in a decision zone. Indicators: Weiss, Macd, EMA DYOR