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Ericsson looking bullish? Possible target SEK 148?Ok let's do some crazy predictions! ERICSSON has been forming a cup and handle over the last few years. Doing a cup and then a perfect retrace (handle) to the 0.618 fib. The resistance of this cup has recently been broken and is now being retested (red circle). Now, the conservative next target is the resistance area around 118 (orange circle). HOWEVER (here comes the crazy part), if we take the low and the high of the cup (96-44) and we add that to the top of the cup (96), we get a target of SEK 148,-!!!. Which happens to be exactly the next major resistance area (green circle). This scenario might take years to play out though, as has the cup and handle formation. However, interesting enough to show you.
OMXSTO:ERIC_BLong
by duco1
1
ONCO starting to look bullish.ONCO has huge FA bullish potential and now also starting to look bullish from a TA point of view. What should we do? GREEN scenario: Wait for the retest of the smaller blue trendline and potentially buy there to get a lower price but with less bullish confirmation. Or wait for the larger trendline to break for more bullish confirmation but a slightly higher price. ORANGE scenario: Wait for the large trendline to be broken and support after a retest and then buy.
OMXSTO:ONCO
by duco1
Bio artic looking for buying entry.So Bioartic is still looking very good from a fundamental point of view. If you are looking to buy (again), I've looked at several scenarios. First of all BIOA_B is consolidating between 2 support/resistance areas and has just broken it's upward trendline, so a correction is definitively a possibility. If looking for a target for that correction, around the 78-80 support area looks very good as it will be the top of the weekly cloud (not shown here) and the 0.618 fib retrace of the most recent impulse. So what are the scenarios?: 1. RED We get the retrace after some more consolidation and then breaking support. 2. ORANGE We get a quick lunge up to the upward trendline again as a retest, but then it fails and falls back down. 3. GREEN We have consolidation, but never get the retrace. Instead BIOA_B breaks resistance, retests the new support and continues up. So what's the best way to approach this? - If it breaks upwards, you have to wait for the retest and see if it can find support (green circle on green scenario). This is how you can distinguish between the ORANGE and GREEN scenario. With orange it will fail to find support on retest, with green it will find support. - If it breaks below the consolidation, you simply keep a close eye on the 78-80 support and wait for bullish behaviour in this area (green circle around 0.618 fib). That's it for now!
OMXSTO:BIOA_B
by duco1
Where is it gonna go?Have looked a bit at ADDV_B and it has not had the best start to its adventure on the market. On the chart I have made a trend line and as can be seen, it has been in a down trend since it started back in 2015 year. After its last fall to an all time low D 13 Dec 2018, it has otherwise been in line for D 14 April 2020 - However, it breaks out of the trend line as shown with orange circle at the end of 2019. It is above MA 200 which means it is in uptrend, but MA 20 and 50 are very volatile. RSI - It is below average and at about 41, but if you throw the RSI on your chart he you see that it bounces up from here 70% of the time. (however, the past is never a sign of the future) MACD - has been in an uptrend, but is closer to neutral now, but with declining negative momentum, so that is a good sign, but it can also just take a break. If you are in the stock, I would like to see what way it goes, but it can also be in range here for a long time (price 0.900 - 1,400) as it is two strong support lines, but I would sell from if it came under last support line If, on the other hand, it slips over the top support line and stays over, you could possibly supplement up or just move up your SL so that you do not lose profit if it wants to under the support again. If you are not in the stock I would personally wait until it was either above the support line or take a bigger risk by buying at last support and making a tight SL below last support. If it smokes below MA 200, it's not exciting enough for me. this is not a recommendation, just what I think and what I would do Disclaimer: is not in the stock.
ALong
by SimpleinvestMarttin
Electrolux B analysis on the daily timeframeElectrolux trend change confirmed to bullish based on the 123 trend change criteria on 8th July 2020. That also marks as the ascending triangle break. Entered the trade on 27th July upon re-test completion of the ascending triangle. The overall ascending triangle target is 228. My first target is at 198, which is just below the area of resistance. 18th August cup and handle pattern break suggesting a strong continuation trend TARGETS: 198,214, 228 Stop loss: 147
OMXSTO:ELUX_BLong
by tradewithmitra
Seems like FING_B builds an inverted head and shoulders!Hi! This is my first analysis posted online, so don't be hard on me :) After breaking an uptrend we entered a turbulent zone which looks like an inverted head and shoulders. If it is so it could take up to 60 days to close the right shoulder with 40% profit. As inverted head and shoulders is a bullish pattern we could expect price jump to 30kr (50% more from head and shoulders) a stock after its finished. Based on the dip of the head. Any feedback is welcome!
OMXSTO:FING_BLong
by trade_to_invest