Get started
Sintercast to respect latest support level?I've marked out interesting events in the recent history of Sintercast. It impulses above a resistance zone, confirms the support and in one case fails to hold it. This time however, it seems like it will respect the support and an impulse might happen above the upper trend line. This is about as wild of a guess as I dare to make, but it looks interesting. Judging by RSI however, the support level might fail, but I'm certain if that's the case the downside won't be lower than 145 SEK.
OMXSTO:SINT
by minuskontot
Good entry point for Vicore?Vicore is in an interesting spot. Candlesticks seem to respect the support zone, gathering strength for an impulse. Also MA50 is soon to act as a support as well, and RSI shows that there's a possibility for an impulse as well. MACD is a bit more negative, but if it will dip into the support zone, it might not make it all the way down to the trend line before an impulse. I would guess 17,30 SEK would be the lowest entry point on the 4H chart. We'll see if I'm right.
OMXSTO:VICOLong
by minuskontot
2
ABB looking for buy entryABB is of interest because fundamental analysis says it could reach SEK 244,- However, at the moment it doesn't seem to have enough power to break through the overhead resistance just yet. On the 4h chart we have clear divergence between the price action and the RSI, AND we have declining volume. All indicators of a unsustainable trend. In the process it seems to be forming a bearish rising wedge as well. So price should retest support below (190-193) and fill the gap at 196 in the process. Then the longer term upward trendline will provide support as well, hopefully giving ABB enough power to break the resistance at the next try.
OMXSTO:ABB
by duco1