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Omx30

OMX - Bounce on the 50% levelI see that many are worried now and warning of an impending stock market crash, and that an economic recession is on the horizon with rising interest rates. 🥶 I have a completely different perspective. I believe that the bottom was already reached in 2022, and the decline we've experienced over the past two months will soon be over. I believe the economic downturn has already passed, and the economy is heading towards brighter times. It might take some time, but the stock market always leads the way, and I believe it will be the same this time. 🫂 The fifty percent zone is always significant, regardless of the time frame, but it holds particular importance in the long run. The blue mark represents the 50% zone from the 2021 peak to the 2022 bottom, and this zone will be highly significant. ⚖️ If we start closing below that zone, it could lead to several years of challenging times. Currently, we've just bounced from there, and I believe we'll move up from here. It's possible that we might bounce around down here for a while before moving up, but I'm quite confident that we won't go much lower than where we are right now. The dollar looks strong and has recently broken out, which isn't favorable for assets. The dollar also has a crucial 50% zone that I believe it has the potential to reach and then reject. This should be the last major uptrend for the dollar before it falls significantly. 💵 We'll see how everything unfolds. Depending on what the dollar and the U.S. stock market do, OMX may be affected. SP500 and NASDAQ are somewhat away from their 50% zones, so OMX might decline for a short while before rebounding if the larger indices react positively at their 50% zones. 💬 As I've mentioned before, I believe we will reach new All-Time Highs within the next 10 months. 🥳 Best of luck!
OMXSTO:OMXS30Long
by WealthNode
CDON Retracement Near Completion Buy Opportunity CDON listed back in Nov 2020 and from 96 SEK up to its ATH of 975 SEK in January 21 its bullish cycle came to a stop at the start of FEB 21 . CDON has nearly completed its retracement/correction from its dizzy highs of 975 SEK down to current levels of 430SEK but expecting 300SEK. and will be presenting a speculative Buy Opportunity . Price action is trading within this falling wedge, I have done a standard FIB Retracement Pull from the Hi to Lo and Volume has clearly depleted during this continued move to the downside as presented . I would like to see the PA go down to the .786 fib level but of course it does not have too . We can also build support at the current level 0.618, in which case if you wanted to buy then you should wait for a candle close outside of the resistance . Until then though i expect sideways then one leg down eventually . Please be aware that this is a highly speculative opportunity for the reasons i have provided below . DYOR and know your invalidation and always use a SL . Like and Follow for continued Analysis 21st April CDON Q1 EBITDA Loss Widens To SEK 9.0 Million 5th March CDON's CEO Kristoffer Väliharju Temporarily Resigns As CEO 10th May CDON CEO Kristoffer Väliharju Resigns 8 June (Reuters) - CDON AB CDONAB.ST : * SUSTAINABILITY IN FOCUS AS CDON AND BRING SIGN A LOGISTICS AGREEMENT * CDON AND BRING HAVE SIGNED A NEW LOGISTICS AGREEMENT FOR SCANDINAVIAN COUNTRIES, WHICH ENTAILS AN INCREASED FOCUS ON SUSTAINABLE DELIVERIES.
OMXSTO:CDONLong
by SJTRADESFUTURES
OMX30 - DailyIndex 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 at 1470 and 1400 (Fib 50%) as levels to go long (mainly the latter than the former). MACD and Stochastics also signal negative divergences which re-confirms the candlestick pattern. In conclusion, with a 23% rally, a slight pullback would be healthy before we form higher highs and higher lows.
OMXSTO:OMXS30
by UncleJingles
OMX30 - DailyAs expected, we bounced up and re-tested the Fib 50% zone of the second leg of the last week's drop. I expect the first days of this week to offer more movement south, and with a close below 1400, we might go down and re-test the previous bottom at 1260. The price will tell us whether or nor this is the bottom or if we will follow the 2008 scenario and go lower for the coming weeks. On the upside, it looks unlikely that we would break the 1500 resistance but assume the US could surprise us with some great news that would fuel the global markets. However, my view is still that we should build another leg on the downside with a first target close to the 1260 zone.
OMXSTO:OMXS30
by UncleJingles
OMX30 weekly analysis ***10.09.2018***Hey guys, it seems like we crashed back into the recent range and bounce off of it. The globale situation is pretty weird in terms of the differences and mood of investor world wide. Fundamental facts: 1. S&P500 = 7% Plus since Years begin 2. Globale Stockmarket (measured on ETFs) = -7% 3. Chinas Stockmarket = -19% Question: Does that make sense? ----------------------------------------- - First time since 1987 - 2001 the S&P 500 showed 4 red days in a row - Apple: falling since 4 days - Nasdaq: Worst performance since march Conclusion? Since July defensive sectors doing well. - Export indexes like Dax suffer - Techs like amazon seems to advoid the high-risk-aversion since Juni caused by the tradewar = Greatest potential for a corretive phase. - US-techs compared to CH-techs like Tencent, Alibaba etc. = massive difference in performance and Sell-Off in Stockmarket & Techmarket - Apple produces in China and Trump wants them to produce in the USA / Is he going to destroy the globale supply chain performance like in 1930? - Apple = vulnerable company ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OMXSTO:OMXS30
by Trading2ez
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