$IMPC (First North Stockholm Nasdaq) big cup handlePotential Target
32+(40-7)= 65sek
Happy trading folks
Lundin Gold INC to test 89 SEK resistance in 2020?Supported by higher gold prices I am beginning to believe that Lundin Gold Inc (LUG) will retest the resistance at 89 SEK within 2020.
A new trend seems to be forming based on the June low and recent July low.
I am placing my stop loss below the June low at 73 SEK. This is well below the new trend, leaving plenty of room for price variation.
Lundin gold, being a gold producer is obviously highly correlated with the price of gold. Initial price target is 89 SEK but subject to revision should the price of gold stabilize itself above 1800 USD per ounce.
Pricer B above 25 SEK and with fuel left in the tankAs expected, the impulse happened today and Pricer B has once again established itself above 25 SEK. Judging by RSI and MACD, there's still strength left in this impulse and we have some interesting days in front of us. I would like to see the stock establish itself above 25,8 and then some nice price action can be expected in late July.
When I will enter AECHello everyone. I am new to the stock market and this is my first published idea.
This displays what I hope to see before entering a position in this stock.
I look forward to entering this community and sharing ideas with you all!
Update on SinterCastSinterCast did not dip as far as I thought in my previous analysis, instead it formed a beginning of a cup and handle. 160 SEK looks like a strong psychological support level, but I'd imagine it could dip a bit below 160 SEK before an impulse happens.
Pricer B ready for 25 SEK?For a while now, Pricer has been consolidating below 25 SEK but generally holding the 24 SEK support level. Now, if you look at MACD, RSI and the fact that it broke through the short term triangle, we might see 25 SEK being broken again and hopefully Pricer will start its journey towards pre-corona levels.
Update on VicoreVicore did not manage to hold the short term upward trend line, so an entry around 17,9 SEK would be a better bet for a trade. But I would be hesitant to enter without 17,9 being confirmed support a couple of times.
EVO to break 700 SEK for good?A small trend channel has formed within the larger trend channel. EVO is marching on, strong as ever. If the smaller trend channel's bottom is respected, we might see EVO heading above 700 SEK for good in the near future.
Bufab to stay above 112 SEK?Bufab shot up today and established itself briefly above 112 SEK. It's now fighting to stay there, if it successfully does, we might see a quick recovery to pre-corona levels.
Volvo - a Good Swedish companyGotta give it to Scandinavians. The company is just healthy and it just hit a fabulous support. It even has free cash on hand.
Update on VicoreVicore broke through a short term downward trend and seems to be ready for an impulse. The upper trend line in the big trend channel has too few hits to be certain, but an impulse above 20 SEK is not impossible.
Vicore holding the trend, needs a catalyst for impulse.Following its linear regression trend channel nicely
CRS is dropping , i like to use the comparative relative strength held up against the market in which the stock is, in this case OMX30 Sweden
RSI is holding above 50 which is fine
MACD keeps shifting trends
Probably needs a catalyst for an impulse
Redeye gave it a good push with an initiation of coverage
Lets Hit the Sweden Stock This time LM EricssonBy the time i see this with " Long Buy Long Sell Indicator " The buy move that is the LONG move in 4h timeframe has already been started.
This move will continue for another 4 trading session the reason is the below STRENGTHMETERS are really good .
It makes good sense to enter long and avoid short at this time as the price is uptrending .
hit me likes and comments will come up with another idea.
The LBLS indicator for your reference is here
Update on DivioUnsurprisingly, Divio is falling back from its latest impulse. Hopefully, it will keep itself above the trend channel's roof that it shoot through previously. But if it doesn't, the other hope is that it'll bounce of the MA50 line and establish itself once again above the previous trend channel.
SinterCast support level brokenIt shouldn't come as a surprise that the support level was broken as it wasn't an established support with several confirmations. My assessment now is that SinterCast will head down to the green support zone I have drawn up. Most probably it'll bounce around 146 SEK to a new impulse.
