Genovis MACD + Support, Resistance shows LONGgraph will tell you everything
Soon touching the support field where it have past history of pushing up, MACD indicates change aswell.
Gap attackIn this chart I’ve tried to illustrate how the bottom gap area (long rectangle) is meeting the fibb 1.618 perfectly. This seems like a possible target area within the next few months.
L/S Swedish Equities Pairs TradeConsumer Defensive / Consumer Cyclical
30/12/2019 Close
Long: ESSITY_B Current Price SEK: 301.80
Short: WESC_AB Current Price SEK: 0.0046
ESSITY / WESC spread Entry Range: 65608.70
ESSITY / WESC spread Hard Stop: 59076.70 (10%)
ESSITY / WESC spread Soft Target: 85374.00 (30%)
BETA hedge
For every SEK 1.00 Long of ESSITY_B
SEK 9.00 Short of WESC_AB
*Build you position in two stages enter with 50% of desired exposure.
*+add too the position on a breakout or at the soft target.
*Hedge your currency exposure, unless you have a view on SEK.
*HIGH RISK trade.
Essity: Consumer Defensive (Manufacture Tissues, Toilet paper & other hygiene products) Strong fundamentals, very defensive and predictable earnings with consistent global demand, outperformed all of its competitors in 2019.
*Market Cap = 212B
*EPS = 14.10
ESSITY_B Consensus Jan 2020 =F1 Jan 2021 =F2
F1 P/E: 20.10x
F2 P/E: 17.60x
F1 Earnings Growth: 22.38%
F2 Earnings Growth: 6.70%
F1 Sales Growth: 2.70%
F2 Sales Growth: 3.00%
F1 PEG: 0.89
F2 PEG: 2.62
Risk: Reflation of the global economy, and solid resolution of political tensions. And therefore a full risk on scenario and defensive stock underperformance.
Wesc: Consumer Cyclical (Trades Apparel & related products, under it brand name WESC) Weak fundamentals, very cyclical and “polluting” as it’s fast low quality fashion. Loss making. In desperate need of a turn around, I feel the business will not attract new talent (As the brand is notoriously NOT cool for millennials and gen z) and isn’t worth turning around as a brand, also no analyst and very hard to find relevant financial information in for the company.
*Market cap = 22M
*EPS = -0.0150
Risk: Merger, acquisition or turnaround. Otherwis I’d be happy to keep this position on for the foreseeable future.
*KEEP YOUR POSITION SIZE SMALL*
This is a risky pairs trade as WESC could get bought out, or turned around and go to infinity, but I’m betting against that.
LONG High quality Swedish Consumer Staple.
SHORT Low quality Swedish Consumer Cyclical.
Beware of bull trapI belive the correction is far from over. Don't long too early or you might get trapped.
bullish on teliaExpecting this to drop a little more but overall we should atleast see a bounce if we get down to the blue zone.
Meeting long term resistance line on RSIAs seen on the indicator: "RSI" Maha has a very clear resistance line. As of today, 29/12/2019, I find it fitting for a potential retracement which also is because of the Fibonacci Retracement 0.618 line causing resistance. MAHA is still in a very strong uptrend with a massive primary trend of about 35%. I expect a rather small retracement without selling my position unless I see a closing price under 22.5
Good buying oppertunityI see very clear signs of Maha experiencing a bullish trend the upcoming days. This is due to MACD showing a positive trend, RSI not being extremely overbought as well as a breakout from a long term resistance line.
Hansa medicalRe-adding big short on red.
Big long at 19kr
Expecting this to play out during a 2 year period.
ERIC B in rangeWait to came back to 89 SEK to selling or wait for a possible breakout to major levels (so risky today).
Let's buy paintI-tech seems like it has reversed it's trend. Volume climax to the downside was bought up quickly (probably early investor who sold) and wave 2 text-book bounce on the .618 fibonacci. Start to scale in now or wait for Wave 4 (ABC) to play out. Could do 3x in one 8-12 months. Trade setup is invalid under Wave 2.
VolvoExpecting orange to break. If it holds holds and comes up towards first and second red, i will short it. Stoplose above swing high.
Stock RSI indicates on hour-lapse strong buy signalStochastic RSI and Support resistance shows a strong buy move.
1Hour trend, LONG idea
Swedbank Stockhom 2020 BullEven if the punishment for old sins turns out to be a hard one (we don't know and it may turn out to be less harsh), I expect a positive direction on Swedbank with a target of 150-ish by February 2020.
