SILVANO FASHION (SFG1T) | Buy when there's blood in the streets!Hi,
Silvano Fashion Group AS is an international lingerie distribution group involved in design, manufacturing, wholesale, franchise and retail of ladies lingerie. Silvano Fashion Group has more than 2000 employees in 5 countries.
I got a lot of questions from my Estonian followers: "What do you think about Baltic stocks?". In the next following posts, I would like to point out a few stocks from Nasdaq Baltic.
Silvano Fashion has been on my watchlist for a while and now the overall panic has dragged the price almost to my prepared area. It is a good dividend stock, currently undervalued but as we all know, the current market situation is highly risky.
"Buy when there's blood in the streets, even if the blood is your own." - technical analysis is perfect for that kind of market situation. Technical analysis gives you just a little bit more a sense of security: you had a plan, you have waited for some certain price levels, you see a long-term perspective and you have done everything correctly to buy it. - and after that, your decision is on the hands of the market.
Technical analysis criteria are pointed 1.65-1.85:
1) Fibonacci Golden Ratio 62%, acting as a support level.
2) Fibonacci Extensions.
3) The blue minor trendline should act as support.
4) Historically worked orange support level.
5) Equal waves of AB=CD
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
