What could have beenIt looked like a trend reversal but it continued down. We will look for clear confirmation that the trend has been broken.
DSV getting ready to doom. DSV A/SBearish cross of 20-50-200 in daily. Looking at daily and weekly shows a bubble is popped and the price is going to the mean, which is fib 0.618 zone.
Expecting the dead cat bounce to play out, but I don't expect the price to go further up than the red box.
Green box is fib zone which is at 24x zone.
NOVO_B - BearishNovo will soon hit prev. high. It's a strong resistance line. A cypher pattern is also nearly clear that also can make it go down. Also hitting the 1.414 fibonacci number from previous high to low. MA 200 also started trending down.
Shorting at 355
Stop loss : 377.5
Take profit : 310
Rebound play on Solar?We've seen a drastic fall in Solar the last week.
If we use fib levels, we see crystal clear resistance and support on them, and right now the major rebound retracement matches the minor.
This is testing of a strategy, won't invest myself.
use this as inspiration.
Happy trading.
Looks like it testedIt looks like it was down testing the support at 145 but got rejected. Further rise is possible in the future. I think it will go and test the resistents at 194 now.
Either wayWe are either still in the uptrend or we have moved into a downtrend. I will be keeping a close eye. If I see a break under 130 i will sell, and reinvest, when the uptrend ones again have been confirmed.
MATAS følger stabilt møster i uptrend kanalKunne godt forestille mig, at den lige skal længere ned i trendkanal inden KØB
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Technical analysis of CHEMM Technical analasys of chemometec. I would advise you to go long based on the trend and MA.
Jeudan Supply areasIf Jeudan makes a further correction, we could see a possible bounce of the trendline and fibonacci 0.382 at 792 kr.
If it breaks the trendline, a long position could be taken at the next support line and fibonacci 0.618 between 646 - 632.
Trade with care and have fuun
NKT Uptrend etc.NKT in a uptrend. NKT will do well in the green economy. They develop cables. Cables will be in demand as we switch from a Oil based economy to a more or less fully electricity based one. Have a nice day.
Don't buy into the abyssDanske does not look investible at all, declining volume and descending stock price points to a trip south. I'd say next stop is around 105DKK
Keep in mind weekly didn't close yet, still watching for this going into next week.
Buy zone for Brøndby with good setup. BIFBrøndby is soon ready to get in to Buy zone.
As you can see price made LL while RSI and MACD is making HL, which is bullish. I think one last leg down will happen to the buy zone and the RSI will be slightly above 30. Then we can expect a correcting rally. Maybe a new cyclus.
Buy zone is aroung 74-75 and stop is set to 0.66 which is below fib extension 1.0.
Target is set to expected SMA 200 zone.
Trade is active if the price touches buy zone.
''DANKE'' LONG swing trade or HoldGood opportunity to have a swing trade at DANSKE and also a good hold for better profit. have been testing support around 120 for some time
Will Pandora continue up the channel?Tuesday the annual earnings report was released and the stock jumped 17,6%.
Several finincial institutions have increased their price targets, e.g. Danske Bank from 310 to 365,
and a lot of large players are heavily invested. On the other hand, american hedgefond,
Coltrane Asset Management, increased their short position yesterday.
The stock is now at an interesting point as it's touching the MA89 and nearing the bottom of the
new channel that has formed since tuesday.
If it stays in the channel I think the following weeks can be very profitable, but it could also drop out
as it has been heavily shorted.
What do you think?
Rockwool correction over?As i see the large upgoing wave, we're in a wave 4 correction, and right now we are at 50% retracement which also was the turning point from wave 2, additionally we're close to the 200MA Weekly.
I expect atleast a short upward move, as I'm always quite skeptical with quick corrections.
This idea is based on this being the bottom, and I've remained konservative.
Reconsider if it breaks the black trendline top from before the big rise up.
Happy trading.
