Very optimistic analysis, based on current pacingThis is my take with a very bullish view on this graph, I know next to nothing about the company's fundamentals.
I see a strong trend, which very well could continue some time into this year, the timing is rough, but I've tried to map out the possible targets based on previous pace.
This is only me view, always do your own DD, happy trading.
Consolidation, forming last leg for 4-5 final wave, before ABCPlease look at this chart carefully, i tried to outline everything that this chart is telling me.
The key take away is that trend is broken, so expect 4-5 wave followed by a sharp correction.
I project certain patterns that can occur here.
We would need another LEG to determine how things are going to progress in this consolidation period.
I hope this helps :)
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**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
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Golden buying opportunity in this green Swedish company?This green company has had a great journey since 35 SEK in December 2018. Now it has had a little retracement towards the bottom of its trendchannel and looks very interesting here at 177 SEK both on short term (months) and on the long term (years).
Maha Energy AB - bullish viewOMXSTO:MAHA_A
Maha Energy AB is an undervalued Swedish oil stock with production in Brazil. Extremely good netback in excess of $ 40 per. barrel. The company has suffered from being downgraded in 2019 because a separator gauge for measuring the gas to be assured was incorrect and a new one had to be obtained from abroad and verified by authorities, which caused production to decline at the end of 2019 when they no longer had to flare the gas and handling the gas was not possible due to this gas meter. The company now guides with approx. 100% more oil for 2020 than they ended 2019 with. When the company does this the price should be above ATH.
RSI is in a rising trend and the corresponding price is bottoming. RSI, trend and volume indicate that we will move up to price 23-25 in the coming time and can the company deliver the goods in the form of the guided oil volume we must towards ATH.
Why I am shorting Sandvik [SAND] | Technical AnalysisFor you who would like to check the company out more in dept: www.home.sandvik
§1 Fundamental blah blah
§2 Position and forecast
§3 Technical summary
§1 Fundamental blah blah
Sandvik is a Swedish company which is well diversified troughout the mechanical industry.
They make things like:
Ceramic metal cutting tools and tool holders
Mining equipment
CNC machines (computer controlled metal working machines - Computer numerical controll)
Special alloys
Induction heating elements (for heating special tool holders which require heating to change tools, hard to explain)
I think sandvik is a great company, but at the price it's at today, I don't think big investors are going to look at buying more stocks,
not only because of market fear (which there is undoubtedly a lot of)...
But I also think most of the big investors are looking to exit their positions around this mark as
it was the last high, and a very significant one at that.
§2 Position and forecast
My current position is short from - price is currently so it hasn't really moved since i put my short on.
I think there is quite a big possibility that price will drop within the next week, if not it will likely consolidate until the market gains bullish momentum again.
§3 Technical summary
Bearish divergence on the RSI
Price is at significant resistance
Price met trend line resistance and resistance at and fell to previous support, until price breaks 182.50 level my stance will be bearish.