Get started
The Bullish HaramiPeab The Bullish Harami play. 50% upside. Peab is showing us an The Bullish Harami in the daily chart. If we can break thru resistence we can make a run for a 50% upside! The idea is to play this if Peab B reach 75.65 we buy long. What is a bullish harami? A bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend. It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days. Peab is a leading Nordic construction and civil engineering company that also specializes in road paving. Known for its commitment to sustainable development and innovation, Peab has a strong portfolio that includes residential, commercial, and infrastructure projects. The company has demonstrated consistent growth and profitability, thanks to its focus on quality, a skilled workforce, and strategic investments in technology. As demand for sustainable building solutions and infrastructure, including road maintenance and paving, continues to rise, Peab is well-positioned for future success. Disclaimer: Not Financial Advice The information provided here is for informational purposes only and should not be considered financial advice. We strongly encourage you to conduct your own research and consult with a qualified financial professional before making any financial decisions. Ultimately, the responsibility for any investment choices lies with you.
OMXSTO:PEAB_B
by alex165754
1
Avanza Breakout: Analyzing the Uptrend and RetestLong-Term Trend Analysis Since its IPO, Avanza has demonstrated a clear uptrend, consistently forming higher highs and higher lows, reflecting a strong bullish sentiment over the long term. Recent Price Action (Weekly Timeframe) On the weekly timeframe, a triangle pattern emerged, which has recently broken out. The price then retraced, suggesting a potential retest of the previous resistance level, which could now act as support. Retest and Key Levels The recent retracement appears to be a successful retest of the previous triangle pattern's resistance. This successful retest often signals a continuation of the upward trend. Examining further, we can see that the previous triangle pattern has now become a critical area for retests, followed by strong upward reactions. This supports the idea that the recent move down was indeed a successful retest. Fibonacci Retracement Analysis Using the Fibonacci retracement tool, the stock's recent reversal aligns perfectly with the 0.618 level, reinforcing its significance as a key support level. This level is often considered a strong area of support in uptrends. Outlook and Potential Patterns After analyzing the chart for patterns and key levels, we can anticipate potential future movements. A key level has been identified, which the stock has respected multiple times. This level could play a crucial role in forming a reversal pattern. Two scenarios could unfold: Inverse Head and Shoulders Pattern: The stock could form an inverse head and shoulders pattern, using the key support level as its neckline. Double Bottom Formation: Alternatively, a double bottom pattern could emerge at the key support level, signaling a strong reversal. Trading Strategy To capitalize on this setup: Conservative Approach: Wait for a clear reversal pattern (like the inverse head and shoulders or double bottom) to form before entering a position. This approach minimizes risk by confirming the trend direction, set a stop loss top minimaze risk. Aggressive Approach: If you believe the stock doesn't require a full reversal pattern, consider entering now. In this case, setting a stop loss just below the key support level is crucial to minimize potential losses.
OMXSTO:AZALong
by Tallblomma
Nordnet: The question is Breakout or Fakeout? OMXSTO:SAVE 's Position: Breakout or Fakeout? OMXSTO:SAVE is currently at a critical juncture, having recently broken out of its long-term bullish channel. The key question now is whether this move represents a genuine breakout with a successful retest or just a fakeout. Monthly Chart Analysis On the monthly chart, we observe that since its IPO in 2020, Nordnet has been in a strong bullish uptrend, defined by two key trend lines. Recently, however, the stock broke through the upper boundary of this bullish channel, raising questions about its next move. Weekly Chart Analysis The weekly chart shows that after breaking through the upper trendline, the stock made a downward move, testing this line as a new support level. This was followed by a strong upward reaction, suggesting a potential retest and continuation of the bullish trend. However, the possibility of a fakeout remains, which could see the stock reverse back down to the long-term support level. Daily Chart: Key Levels On the daily timeframe, several key levels have emerged where the stock has shown significant reactions in the past. These levels—197 SEK, 217 SEK, and 230 SEK—are crucial for determining the stock's future direction. Recently, the stock bounced upward after touching one of these key levels and is currently testing another. Support Line Identification We can also identify a rising support line that the stock has respected, providing additional context for potential future movements. Outlook: What's Next? I anticipate that Nordnet may form a reversal pattern, such as a double bottom or an inverse head and shoulders, with the 217 SEK level serving as the neckline. If this scenario plays out, the stock is likely to resume its upward journey along the rising support line. Trading Strategy For those looking to trade this setup, consider entering a position near the long-term upper resistance line, provided there are confirmations on lower timeframes (e.g., reversal patterns, volume spikes, or indicator signals) that indicate upward momentum. If you suspect this is just a fakeout, it might be wise to wait for a clearer setup. Regardless, be sure to set a stop loss to minimize potential losses.
OMXSTO:SAVE
by Tallblomma