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NKT A/S Inverse Head and ShouldersAn inverse head and shoulders on NKT that broke the neckline 48 hours ago. An acceleration to a new all time high took place the same day. The next day showed much of the regain reverse, which is a worry as this engulfing candle could be a reversal sign. However, watch price action over next couple of days to see how it shakes out or play it with a tight stop as the last decline of at the ATH was substantial (see yellow arrow - around 20%). If this threat gets shaken off and the momentum continues then it could be a nice run up to more new highs. The target for head and shoulders is typically the distance from the neckline to the head, so see the yellow measure of that which is added to itself to set the target. Head and shoulders are just a pattern, they don't always work out, and i'm concerned about that engulfing red candle.
OMXCOP:NKTLong
by JBlack99
VWS| Moving Average "trap zone"Hey all, Since recovering from it's multi-month sell off, Vestas found strong support in early March at the 200-day MA, and has since been consolidating within a moving average "trap zone". I have observed this pattern previously and on daily time frames, this sort of "coiling" will bring to a strong move up or down once the trap narrows, RSI seems to be developing a wedge pattern also, needing to chose a direction for the months to come. VWS is currently trading below the 20, 50 and 100-day moving average, but has found support again at the 200-day MA recently. I like this set up, although I would preferably be watching for a breakout above 275DKK for confirmation. Downside risk is probably around the 200DKK mark. Any thoughts? Good luck! (*This is not financial advice, for sake of discussion and illustrative purposes only*)
OMXCOP:VWS
by InvestEmi
Adding Danske Bank to my investment portfolio 🏦Danske Bank's reputation has been under a lot of pressure because of accusations of money laundry. But as we all know; banks don't have to serve justice and this will most likely not have any real consequenses for DB. The combination of a selloff because of bad reputation and huge growth opportunities in growth stocks, I find Danske Bank to be undervalued. I am adding this to my long term investment portfolio by dollar cost averaging in a position, throughout the range I've marked on the chart as a buy zone.
OMXCOP:DANSKELong
by kaspertrades