A NICE OPPORTUNITY TO GO SHORT ON THE 15M CHARTAfter the bulls did finish their buy orders, now the bears are taking over. Wait for my signal when to get out of your selling positions!
ONCO keeping an eye on breakout.ONCO has been consolidating for quite a while. The reason I'm looking at it now is because it has just found support on the daily cloud (not on the chart displayed) and just arrived at the bottom of the weekly cloud. So now let's see if it will enter the weekly cloud.
Once it does, I see a bullish scenario unfolding.
I've drawn 2 potential scenarios;
Scenario ORANGE:
- We get into the cloud and test the bottom of the cloud.
- We fill the gap at 119.70
- We test the bottom of the large triangle one more time.
- Then we break above the cloud and the triangle, retest the triangle and off we go!
Scenario GREEN:
- We break straight into the cloud and through.
- Retest the cloud and then break the triangle upward with a retest.
So let's see what will happen!
ABLIVA TA - Swedish
Min syn på ABLIVA AB i nuläget.
Vi är i en ackumulerande trend som ses mha undre trendlinjen. Ett bryt neråt med mycket volym är något som kan vara farligt eller som @framgangsjakten nu kallar de shit and fly eller liknande 😂 där vi får ett bryt av den undre trendlinjen och sedan retest på den nyskapade resistansen.
Fortsätter ligga kvar för rapport om ca 2 veckor som kan ge den mer chans volymmässigt där vi ser hur den reagerar trendlinje messigt. Fortsätter vi sriga långsamt som vi gör är det bara att flytta sin stoploss alt ha en flytande som följer kursen som är ett väldigt bra sätt där man både har bra money/risk management men även har chans till en bra RRR. (Risk reward ratio).
Ej rekommendation endast min analys och hur jag tänker!
Ha en fin vecka! ☺️💯
TIGO bearish ascending triangle - NeutralAscending trinagles after big downturns often breakout to the downside - will keep an eye on this one
Bufab slowly recoveringBufab is a quite boring company fundamentally. They deal with C-parts, the whole logistics chain of distributing C-parts. But it's a huge market and the stock took a big hit from COVID-19 but is now on track to recover.
I'm looking out for the 108-110 SEK area for a possible entry.
Lucara Diamond Corp (LUC) to continue fall along 2016 trend lineThe price of Lucara Diamond Crop (LUC) has been falling since 2016 along the trend line included in the chart. Recently, the stock price retracted upward towards the trend line which provides a good opportunity to enter a short position. The first good target price would be the 78 percent fibonacci retracement (from the june low to june high) at 3.385 (SEK). Should the price fall further, the second good target price would be the recent support areas around 3 SEK. The stop loss is set just above the trend line at 4.905 since the price as the trend has never been broken.
A key date for this trade is the earnings report in 30 july which you should look out for.
Lucara Diamond Corp can be traded at multiple exchanges in case the Swedish exchange is not accessible to you.
Vicore potential bullish setup, target 134%The fundamental outlook for Vicore is extremely bullish with a target of SEK 41,-.
So I've been looking at a good entry for quite a while now.
After the most recent rejection at around SEK 20,-, VICO seems to be finding support on the weekly chart. Both the 200 MA (thick black line) and a horizontal support area are credit to that.
The black arrow, creating a descending triangle on the support area is our tell tale.
If this is a retest of the new found support then the price should break this black trend line upwards, providing a buy signal and the platform to test the SEK 20,- resistance once again.
If however the support around SEK 17,15-17,30 breaks we need to go and find a new entry opportunity.
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Ericsson, looking for a buying opportunity So looking on the monthly chart we see that despite covid, Ericsson nicely held it's long term upward trendline.
Furthermore, it broke through some pretty tough resistance with a big green candle this month.
All great signals for a continued long term upward trend.
So what do I want to see for a good buying opportunity?
- A retest of the horizontal resistance now turned support. (orange arrows)
- Possibly with another touch on the blue trendline. (orange arrows)
- Then on the lower timeframes a bullish candle pattern to confirm support at the mentioned support area.
NB. There is a gap still at 87.65, let's see if this might come into play.
Why you don't panic sellPricer B was on a strong stride upward, ready to establish itself above 25 SEK and then what happened? They released their financial report with some numbers that the market reacted negatively too. But Pricer B is fundamentally a strong company which was inevitably affected by COVID-19. The market saw the panic selling as a buying opportunity and the stock is once again on a stride to defeat 25 SEK.
Lesson here is: even if an upward trend line is broken by bad news, you have to take fundamentals into consideration. Do you still believe in the company? Then buy more in the dip. If you only trade on technical analysis, then you might consider selling, but even in this case it's important to look at more than just trend lines. For example, Pricer B was quickly oversold and bounced right back to the MA50 line, which acted as a support for an additional impulse up to where we started before the financial report.
