SAAB - Expecting retracement before continuationI 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.
SAAB
SAAB is not getting any loveThe 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.