Several Support lines + RSI - Bullish+4 Supportlines under the graph that have been tested but not broken.
RSI indicates oversold.
HEXAGON Stockholm bearHexagon B on Stockholm exchange has seen long period of success which may continue after a small correction. Bear for me here
SEB (SEB_A) | Money-Laundering Concerns! Keep an eye on ~60!Hi,
Shares of SEB' AB (Skandinaviska Enskilda Banken AB provides corporate, retail, investment, and private banking services in Sweden and internationally) fell by more than 14% (on Friday) as investors worried that another Nordic bank will be dragged into the scandal over money-laundering. It is hard to say, how the following weeks/months may affect the SEB price (investigations are ongoing) but anyway, I would like to point out a technically strong price level which should play an important role in further price action.
Currently, I can only recommend - stay away from it. The price can get more hits during the investigations, especially when these stories get firmer confirmations.
To talk about that price level - my eyes are pointed around 60. It needs to fall another ~25% to the mentioned level and definitely, it is doable. I don't want bad but as an investor and trader, I'm looking forward to this level because technically, it is a pretty strong and clean one.
Two other major Scandinavian banks, Swedbank and Danske, had already been subject to major investigations in large-scale money laundering activities and I would like to share a comparison with Swedbank, who has already gone through it (almost):
As you see, the historical similarities have been pretty amazing. Now, we can take this Swedbank price movement as an example (Swedbank price is the orange line) and it is pointed also to my mentioned "keep-an-eye" level 60. Let's count the other criteria which should act as support levels:
1) Okay, the comparison with Swedbank is pointed to the marked area.
2) 2000/01, 2011 clean resistance levels start to work as a support level.
3) The middle number 60 itself should work as a tiny support level.
4) Channel projection bottom trendline may push the price upwards from the green area.
5) Different Fibonacci Extensions are adding strength to the shown area.
6) Fibonacci retracement 50%. Pulled from 2009 low to 2015 high.
7) AB=CD
8) If the price reaches to the shown area, then it has fallen from the 2015 high at 111.50 to the ~55, which is 50% from the recent high and pretty often stocks make a bounce after they have fallen approximately 50%. So, it matching perfectly with our mentioned area.
9) Obviously, perfect would be a bullish Weekly or Monthly candlestick pattern formation around the green area!
Summary: As said, stories around the SEB' stock are serious which makes this stock extremely risky to invest/trade at the current price levels.
Be patient, wait for conclusions and if the conclusions are enough for you to be satisfied (after the price has reached ~60) then this could be a perfect spot and timing to invest or reinvest to SEB'.
What if it doesn't reach to the mentioned area? Nothing(!), the situation around Nordic banks is highly risky and I search only high-probability investment setups, not the mediocre ones. Mediocre setups can easily damage my success rate, especially under such conditions.
If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You!
Regards,
Vaido
Possible breakout of down trend in December/JanuaryBreakout in the Swedish automotive supplier Bulten
Mekonomen SE bull targetMekonomen on Swedish exchange. Nice results. Good company which delivers solid results. Quite high historically but another bull run if we bounce inside the trading channel. Supported by lateral RSI, positive TSI and MACD. Target 95 SEK mid-December 2019. On the other hand, if we break under the channel, probable sideways move well into January 2020.
Volvo_B ; 10th Nov 2019Last two trading days VOLVO_B had some profit-taking from 155.15 critical swing zone. But the market already breaks out the descending channel from 2018. So there is another good chance to up technically to 155.15 zones again, till it breaks below 144.40 critical support zone.
Market closing rate 150.55 and it is still above the descending channel level. As December is a profit-taking zone, the rest of the month still has a chance to go up. However, if we see the OMX_30 charts, here is something to be anxious about. OMX_30 has reached to its swing zone. It may dampen Volvo b’s rising strength.
In this situation we will wait for a bullish pin bar or any kind of reversal patterns. If we see that, we may long to 155.15 again. If 155.15 breaks above our next target level is 160.00 and till December our final target level is 163.50.
On the other hand, if OMX_300 drops from its swing level. We will wait to break our rinsing channel. If Volvo b stable below the rising channel our first target is 145.19 to 144.40. if 144.40 breaks and stable our initial target is 138.25 price zone. And finally, the target is 131.15 and will wait for reverse.
www. forexpundit . com
OP Long term Bullish!Great entry as bullish divergence and bullish doji's are confirmed!
price action going over EMA 200 and Ichimoku lagging span is going over the cloud.
$IMPC.ST most likely will test 20skr pretty soon i think Hyundai Motor accelerates hydrogen technology development through 3 strategic investments
www.greencarcongress.com
The post-transaction shares of total outstanding equity capital and votes of Hyundai and Accendo Capital will be 10.4 per cent and 12.0 per cent, respectively. The purpose of the directed share issue is to increase the capitalization of the company in order to realize potential growth opportunities and to forge a long-term industrial relationship with Hyundai, a global leader in the automotive sector and recognized pioneer in fuel cell technology.
news.cision.com
Interesting developmentInteresting development. Personal trading plan: Buy at present level and target PT around 25 to 30
THULE LOOKING FOR SUPPORTThule had a big grow in the last years. i was traveling around Canada and USA and I noticed a lot of Thule Tools everywhere. i checked at TV and bam bullish Chart.
On the Long time we are in a consolidatio or reversal Situation. I expect a rebound around 170-180 Dollars. Buyers are there. The target of this ABCD reciprocal trade would be around 38%-50% of CD leg. Further Extension is to evaluate in consideration of the Overall market conditions.
BIO
