$SAS-A for financial freedom or extreme povertyWill SAS rise from dead? Already up a decent amount from All time Lows.... Does this have a lot further to run or is it a fake out?
Hufvudstaden — Bullish: Morning Star, S/R Flip, and moreHufvudstaden AB is a Swedish, Large-Cap real estate company listed on Nasdaq Stockholm.
BACKGROUND:
- During the severe sell-off in February/March, price traded at approximately -50% at its lowest point, as mesaured from the previous all-time high.
- Throughout summer, price traded in a falling wedge pattern, which eventually broke out to the upside. At this point, as demonstrated in the chart, we see a clear local resistance level at around 132, confirmed by a third rejection at that level in mid-September.
- We are likely seeing a change in market structure, which started with the wedge-breakout in September. We have at least one higher high, and two higher lows, as indicated by the arrows.
- The 132-resistance level was broken in an early-November rally, and that level has seemingly been re-tested and flipped as support. The case of a S/R flip is strengthened by the occurence of a Morning Star pattern, which has formed on the daily chart.
PROJECTION:
- With double local confluences, including a mid-term S/R-level flip and a Morning Star pattern, going long here could be profitable.
- A safer play in the longer-term, however, would be to wait for a proper break of the 140- and 145-levels. 140 constitutes a local double-top from April, confluent with the 38,2% Fibbonaci retracement level from the Feb/March drop.
- 145 is a long-term resistance level, when looking on a multi-month/year time period. Price ranged below that level during +2 years time (2016-2018).
- Clearing both these levels would signal substantial room for upside continuation and price recovery.
Next swing ASSA_B shown on a weekly chart.
I have added some indicators to the chart to give you some ideas on how it has behaved.
As you can see it has gained a nod like all other stocks when Corona started, but has since been steadily rising with higher highs and higher lows and is now at the support line
Both RSI and MACD are positive and uptrend, the same applies to the MA lines 20/50/200 (on a one-day chart), ie the price itself is in uptrend.
The positive thing about it is so positive is that it has just crossed the MA 200 line and made a bullish cross with MA 50 (positive long-term signal)
As I see it, 2 things can happen now.
1: It lies and gathers more momentum up here at the support line before it breaks through,
2: The support line rejects and it gets a nod down and maybe even down to the trend line, however, I could not just imagine that it breaks down through price 205,
A possible take (not a recommendation just a thought)
Entry: course 218
Take Profit target 1: Price 250 (14.60% - Risk 3.38)
Take Profit target 2: Price 270 (23.40% - Risk 4.31)
Stop Loss: Price 209 (MAX tab 4%)
Disclaimer: I do not hold the stock
greetings
Marttin
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Tekniskanalyse/simpleinvest
Sharing my thoughts and observations on BOLSharing my thoughts and observations on BOL in this chart. Stop loss has been placed on what I think is the top of Minor Wave 1 (observed in H1) within Intermediate Wave 1 on Wave 5.
Quick adding point for long positions?Now looks like a good adding point where daily and hourly is clearly oversold, and we're at interesting support levels where a play can be set in motion with clear downside handling.
Where we're heading if we can maintain support, is harder for me to identify, so I'd try to increase stop losses if price revert.
This is just my 2cents, always follow your way of doing things, take this as inspiration.
Happy trading/Investing.
Scandinavian ChemoTech AB on the right trackScandinavian ChemoTech AB has regained momentum last few days and bounced off really nicely on the green support line. Now it has seen a few good days with increasing volume and it has managed to take back the important moving averages of 50 and 200 days.
Eyes are now set on the 15 SEK resistance, which if broken will give the stock potential for a really nice move to the upside towards 22 SEK. Watch for the support SMMA50 (approx 11,3) to hold. If broken this trade idea will be invalidated.
SpectraCure AB breaking out of Bullflag - Target 28 SEKSpectraCure has broken out of a bullflag on the daily log chart and is now on its way of producing a golden cross between SMMA 50 and SMMA 200. Several techincal indicators also rolls over to buy (RSI, MACD and price above Ichimoku cloud).
Price target is 28 SEK, which will materialize fully once 22 SEK resistance is broken. Idea invalidated if price goes under Ichimoku cloud again.
Buying or selling shares always involves risk. DYOR before buying or selling.
Long term strong - Need a reversal around 660-680RSI gathering momentum for next run
CMF under 0, even after retracement
Moving averages looking perfect.
LIME - let's see if it reverses here, looks like a wedge againInteresting times all over the world.
Target would be at least 315$.
Happy Trading!
Powercell RSI, MACD, CMF positive. RSI building up.
MACD positive
CMF above 0.
Moving averages soon to turn positive.
Stoploss at 205 to minimize risk.
Long Position MekonomenSeems to be an increasing/supportive trend, which has broken through the temporary resistance barrier in 83.9 SEK.
The increasing trend is happening 'despite' moderate RSI level.
A potential golden cross might appear within 2 weeks, as short (14) avg. seems to firstly balance and later overtake long (200) avg.
First downward bounce in trend stream might be 95.6 SEK, as this is a possible resistance point.
The previous Barrier area: 82.5-83.9; this should be stop loss.
OMXSTO:MEKO
Long Position in NolatoUnderlying support trend can break top resistance in short-run - and potentially increase a new supportive environment.
