Further stimulus in the USA is dependent on the senate. If democrats win people will frontrun a much larger stimulus package in march or early Q2 and push the markets higher. Should republicans win markets will be more uncertain.
Atm the markets are being run on stimulus, money printing and extremely low interest rates. Almost every business is credit worthy in...
Consolidation phase is over, breaking down starting friday or monday.
Reasons: obvious. Pattern indicates chart will break either up or down, fundamentals favor down.
Estimate: retest 2 350-2400 support is the target. And then go from there.
Trendline shown here functioned first as support, then as resistance for the last 6.5 months since beginning of april. By failing to move above it at the second attempt nov 20th, I would expect the stock to enter into a new trend. That trend can be down, sideways, or up at a slower rate than it has been going so far. Time to secure profits, and wait for a new signal ?
A solid norwegian profitable growth company with dividend payouts. Mostly sideways, expect breakout on Q4 2019 i feb or Q1 2020 in may when they release 2020 guidance. Target: 12kr, +25% from november to may is the bet.
