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Will TEL break the downward trend?A bit longer perspective. See clear downward trend with the current weekly view. Currently trading below both weekly and daily 50MA (W171.53, D156.55) and 200MA (W159.70, D170.85). Broke previous support line on the 9th of March, bouncing back into the weekly trend (white lines). Will be looking for first checkpoint at break of daily resistance line at blue point. Will be interesting to see whether it can approach the daily resistance line from last top at the intersect with weekly resistance line in the longer time perspective. RSI chart good and high volume the last two-three weeks. Currently no entry, but will be following this one. The long term support line from 2017 is set at 126.0. Will hopefully bounce back into better times as COVID-19 period is over. Gladly looking for feedback as I am still learning.
OSL:TELLong
by oyvindlarsen
ASA - OSL Incepition day 23-3-2020Greetings fellow traders, As time goes by, the markets evolve... If your way of TA is strong, then the path will lead its way... More visible, more probable: Dashed lines; Possible forming patterns Solid lines; Confirmed patterns / Support or Resistance Dotted lines; Possible price-action trajectories / wave trend Lighten colors = Support | Darken colors = Resistance Current Pattern Formation Level: Alpha pattern: Symmetrical Triangle -> Bullish Pennant Beta pattern: Descending Broadening Wedge Possible Echo Pattern: Descending Broadening Wedge Today's Note: Pretty much the same story as NAS. This one is a bit peculiar though. My point is, and it's a strange one. The price actually must come down a little bit, confirming a lower low. With result that this chart creates a bull pattern. Instead of a bearish one, if it does find support on the current region. Nonetheless, it does make sense? When you look at the big picture. Genuinely curious whether this going to play out as I'm forecasting today. To be concluded...
OSL:NHY
by bonic
NAS-OSL Inception day 23-3-2020, Make it or break it.Greetings fellow traders, As time goes by, the markets evolve... If your way of TA is strong, then the path will lead its way... More visible, more probable: Dashed lines; Possible forming patterns Solid lines; Confirmed patterns / Support or Resistance Dotted lines; Possible price-action trajectories / wave trend Lighten colors = Support | Darken colors = Resistance Current Pattern Formation Level: Alpha pattern: Symmetrical Triangle -> Bullish Pennant Beta pattern: Descending Broadening Wedge Possible Echo Pattern: Descending Broadening Wedge Today's Note: As requested and promised. My forecast on Norwegian Air shuttle. It's looking pretty bad. However when I use my style of TA on this chart and if this region is a bottom then this might rise again. Although this has to happen soon. Hopefully Europe comes to it senses also very soon. Nevertheless as you can see, you can trade with small risk. There is a chance you can loose money on this one of course. Not financial advice. But with just a small trade you can make a big profit, If this stock does recover! To be honest, that's a big if though. Might be strange but EMI 2 is showing volume entering the space and showing more bullish signs. Definitely keeping an eye on this one. To be concluded...
OSL:NASLong
by bonic
1
NAVAMEDIC (NAVA) | Perfect Technically but Fundamentally So-So!Hi, Navamedic ASA, a MedTech and pharmaceutical company, in-licenses, buys and markets pharmaceuticals and other health care products in the Northern European region. Considering technical viewpoints then Navamedic has started to approach a pretty strong support area, a lot of criteria make up a strong crossing area. To be honest, I don't know much about Navamedic fundamentals but I can say, if you see some perspective in the future then this would be your perfect spot to buy it if you don't see then SKIP IT!! Technically a strong support area/buy-zone consists of: 1) A very strong resistance level becomes support. The price tried to break above the lower orange line 9(!) years and in the last year, it finally was successful. Now, this very strong resistance should act as a support level. 2) Inside the green buy-zone are also Monthly EMA50 and EMA100, plus Weekly EMA200 - all of them should act as support levels. 3) Fibonacci Golden ratio - Fibo retracement 62% 4) Navamedic becomes a member of a 50% club if the price reaches into the marked area. 5) Weekly timeframe AB=CD 6) Weekly timeframe channel projection It should be a pretty good spot to gain short-term profits, a perfect area should stay between 11.00-12.50 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!! Regards, Vaido
OSL:NAVALong
by VaidoVeek
Nordic Mining $NOM.OL is one to watch for 2020Nordic Mining prepares for lift-off There hasn’t been a greenfield development of a mine in Norway for between 30 and 40 years but Nordic Mining is looking to change that via construction of its flagship Engebo rutile and garnet project. www.mining-journal.com Nordic Minining OSL:NOM just presented their Definitive Feasibility Study for the Nordic Rutile project at Engebø, Norway. Once financing falls into place for this up and coming mining company, this stock should be a buy and own asset for the next decade. Exercise extreme caution in the short term. Engebø Rutile and Garnet The realization of the Engebø project will establish Nordic Mining as a long term supplier of high grade rutile and garnet products. www.nordicmining.com
OSL:NOM
by savepiginvest
WATCH THIS QUICK UPPDATE!I do not have time to show all data today. Based on a combination of fundamental (no new data, less momentum, slightly more passive in media and news/ analytics telling small light investors/savers to take frofitt fast today or intra week) + tecnical analysis wich i will not describe more this time. i am now pre market 22.02.2020 going short in NEL. Lokking for that bounce at at least 100-150 MA, or look how it moves downwards at 200 SMA. (I am long perspective long, but before tomorws session im taking profit and going short wich to mee makes verry much sense here in reegards of my investor strategy. Than you Coment, lice and subscribe for further analysis!
OSL:NELShort
by Mort1
1