The Bullish HaramiPeab The Bullish Harami play. 50% upside.
Peab is showing us an The Bullish Harami in the daily chart. If we can break thru resistence we can make a run for a 50% upside!
The idea is to play this if Peab B reach 75.65 we buy long.
What is a bullish harami?
A bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend. It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days.
Peab is a leading Nordic construction and civil engineering company that also specializes in road paving. Known for its commitment to sustainable development and innovation, Peab has a strong portfolio that includes residential, commercial, and infrastructure projects. The company has demonstrated consistent growth and profitability, thanks to its focus on quality, a skilled workforce, and strategic investments in technology. As demand for sustainable building solutions and infrastructure, including road maintenance and paving, continues to rise, Peab is well-positioned for future success.
Disclaimer: Not Financial Advice
The information provided here is for informational purposes only and should not be considered financial advice. We strongly encourage you to conduct your own research and consult with a qualified financial professional before making any financial decisions. Ultimately, the responsibility for any investment choices lies with you.
Byggmax trending upByggmax benefits from lower interest rates and increased housing transactions. More homes change hands and renovations and conversions will increase.
$CAMXI like what I see and will try going long here, but remember that it has tested this level a few times = weaker support.
stopploss = 580 (dayclose under)
HMI have been waiting for this move for a long time I see no other good reason to add as long as the ullflagg is intact. 225 is my diet target
Avanza Breakout: Analyzing the Uptrend and RetestLong-Term Trend Analysis
Since its IPO, Avanza has demonstrated a clear uptrend, consistently forming higher highs and higher lows, reflecting a strong bullish sentiment over the long term.
Recent Price Action (Weekly Timeframe)
On the weekly timeframe, a triangle pattern emerged, which has recently broken out. The price then retraced, suggesting a potential retest of the previous resistance level, which could now act as support.
Retest and Key Levels
The recent retracement appears to be a successful retest of the previous triangle pattern's resistance. This successful retest often signals a continuation of the upward trend.
Examining further, we can see that the previous triangle pattern has now become a critical area for retests, followed by strong upward reactions. This supports the idea that the recent move down was indeed a successful retest.
Fibonacci Retracement Analysis
Using the Fibonacci retracement tool, the stock's recent reversal aligns perfectly with the 0.618 level, reinforcing its significance as a key support level. This level is often considered a strong area of support in uptrends.
Outlook and Potential Patterns
After analyzing the chart for patterns and key levels, we can anticipate potential future movements. A key level has been identified, which the stock has respected multiple times. This level could play a crucial role in forming a reversal pattern.
Two scenarios could unfold:
Inverse Head and Shoulders Pattern: The stock could form an inverse head and shoulders pattern, using the key support level as its neckline.
Double Bottom Formation: Alternatively, a double bottom pattern could emerge at the key support level, signaling a strong reversal.
Trading Strategy
To capitalize on this setup:
Conservative Approach: Wait for a clear reversal pattern (like the inverse head and shoulders or double bottom) to form before entering a position. This approach minimizes risk by confirming the trend direction, set a stop loss top minimaze risk.
Aggressive Approach: If you believe the stock doesn't require a full reversal pattern, consider entering now. In this case, setting a stop loss just below the key support level is crucial to minimize potential losses.
Small bet on second EID providerFreja EID provides EID in a environment where using multiple EID becomes more popular. I would not be surprised to see using several EIDs for different purposes becomes recommended by public instances and institutions, if not a requirement, in the near future.
Earnings report tomorrow.
Small bet on second EID providerFreja EID provides EID in a environment where using multiple EID becomes more popular. I would not be surprised to see using several EIDs for different purposes becomes recommended by public instances and institutions, if not a requirement, in the near future.
Earnings report tomorrow.
Nordnet: The question is Breakout or Fakeout? OMXSTO:SAVE 's Position: Breakout or Fakeout?
OMXSTO:SAVE is currently at a critical juncture, having recently broken out of its long-term bullish channel. The key question now is whether this move represents a genuine breakout with a successful retest or just a fakeout.
Monthly Chart Analysis
On the monthly chart, we observe that since its IPO in 2020, Nordnet has been in a strong bullish uptrend, defined by two key trend lines. Recently, however, the stock broke through the upper boundary of this bullish channel, raising questions about its next move.
Weekly Chart Analysis
The weekly chart shows that after breaking through the upper trendline, the stock made a downward move, testing this line as a new support level. This was followed by a strong upward reaction, suggesting a potential retest and continuation of the bullish trend. However, the possibility of a fakeout remains, which could see the stock reverse back down to the long-term support level.
Daily Chart: Key Levels
On the daily timeframe, several key levels have emerged where the stock has shown significant reactions in the past. These levels—197 SEK, 217 SEK, and 230 SEK—are crucial for determining the stock's future direction. Recently, the stock bounced upward after touching one of these key levels and is currently testing another.
Support Line Identification
We can also identify a rising support line that the stock has respected, providing additional context for potential future movements.
Outlook: What's Next?
I anticipate that Nordnet may form a reversal pattern, such as a double bottom or an inverse head and shoulders, with the 217 SEK level serving as the neckline. If this scenario plays out, the stock is likely to resume its upward journey along the rising support line.
Trading Strategy
For those looking to trade this setup, consider entering a position near the long-term upper resistance line, provided there are confirmations on lower timeframes (e.g., reversal patterns, volume spikes, or indicator signals) that indicate upward momentum. If you suspect this is just a fakeout, it might be wise to wait for a clearer setup. Regardless, be sure to set a stop loss to minimize potential losses.
This stock can easily rise very strongly in a short squeeze.This stock can easily rise very strongly in a short squeeze. The company is the 10th most shorted share at Nasdaq Stockholm, and the company has a market cap of SEK 21.4 billion.
According to an overview from 09 August 2024, Sinch AB (ticker on Nasdaq Stockholm: SINCH) was number 10 of the 15 most shorted shares on the Stockholm Stock Exchange.
The Sinch-share (SINCH) has had some tough years on the Nasdaq Stockholm Stock Exchange in recent years now, and where the share has fallen from a peak of around SEK 200.00 in August 2021, and down to around SEK 14.00 in September 2022.
The share is currently traded at around SEK 25.00, and the company has a market cap with today's share price of around SEK 21.4 billion.
Technical Analysis of Sinch AB (ticker on the Nasdaq Stockholm Stock Exchange: SINCH)
After a very sharp decline from August 2021 to September 2022, and where the share, as mentioned, fell from around SEK 200.00 to around SEK 14.00. Today, the share is traded around SEK 25.00.
The stock has now over the past two years or so established a very large Symmetrical triangle formation.
Should there be a break upwards from this large symmetrical triangle formation, then a strong technical buy signal for the share will be triggered.
Looking at the shorter picture, the stock has broken out of a falling wedge formation, and also seems to be about to break above both the 50-day and 200-day moving averages.
There is considerable technical support for the share around the SEK 24.00 - 25.00 level, and where there is, among other things, technical support down towards the 50-day moving average.
Although such a strong technical buy signal has not yet been triggered for the Sinch-share, I believe that this is a share that may be well worth keeping a close eye on going forward now.
Should there be such a break upwards from this large symmetrical triangle formation, what will be indicated by potential for the share is marked with green dashed lines in the chart.
The potential for the share will then be up to around SEK 100.00 - 120.00 in 1-2 years' time. In other words, a significant potential will then be triggered for the share, which is currently traded at around SEK 25.00.
What could potentially trigger negative technical signals for the share would be if it had an established break down below the SEK 24.00 and 21.00 levels. This will then trigger a technical sell signal for the share.
Atlas Copco AB: Potential Entry Points in a Long-term UptrendOMXSTO:ATCO_A has demonstrated a long-term uptrend throughout its history, marked by two strong channels, with higher highs and higher lows.
Since the Ukraine-Russian market crash, OMXSTO:ATCO_A has experienced a 100% increase. Currently, the stock is at the resistance channel, which has resulted in a notable downward reaction:
During the strong uptrend, previous resistance levels, where the price peaked, turned into support levels when the stock experienced pullbacks. Now, as the stock returns to these crucial levels, they may serve as key support, potentially causing the stock to struggle to break below them or to rebound and rise further.
I anticipate that the stock will gradually break through each of these key levels, eventually approaching the lower trendline before launching into a significant bull run. This scenario presents a promising opportunity for a long position, but we need additional bullish confirmation at these levels before making a move.
Important levels: 150 SEK, 140 SEk, 120 SEK, 100 SEK
