It shouldn't come as a surprise that the support level was broken as it wasn't an established support with several confirmations. My assessment now is that SinterCast will head down to the green support zone I have drawn up. Most probably it'll bounce around 146 SEK to a new impulse.
I would be careful though as a fallback is quite possible without ATH acting as a strong support. I drew up a short upward trend line, but it needs more confirmation before I would call it a solid trend line. The support zones are more important for now.
Unfortunately Swedish Match didn't bounce off the trend line as I suspected it would. Rather it ran right through and is now in a support zone gathering strength. I suspect it won't dip much more judging by the candles, RSI and MACD. But it definitely has some recovery to do.
I'm posting this simple TA because I'm not sure where Scibase is going right now. Bullish scenario it will confirm the support zone and reach for a new high above the next resistance level that's 20%-ish up.
I've marked out interesting events in the recent history of Sintercast. It impulses above a resistance zone, confirms the support and in one case fails to hold it. This time however, it seems like it will respect the support and an impulse might happen above the upper trend line. This is about as wild of a guess as I dare to make, but it looks interesting. Judging...
Vicore is in an interesting spot. Candlesticks seem to respect the support zone, gathering strength for an impulse. Also MA50 is soon to act as a support as well, and RSI shows that there's a possibility for an impulse as well. MACD is a bit more negative, but if it will dip into the support zone, it might not make it all the way down to the trend line before an...
Cell Impact has confirmed the lower trend line's support and according to MACD and the candle sticks we're might see an impulse in the coming days. If no impulse happens, I would keep an eye out for the 34 SEK support level rather than the trend line.
I was wrong about an impulse in Swedish Match. Rather, it looks like the stock is going to confirm the trend channels floor's support and then the impulse will come. Judging by RSI and MACD, things look good, an entry between 658-660 SEK would probably be a good bet.
While I was hoping Cellink would bounce against 128:ish, it dipped down to the support zone marked in blue, but that doesn't matter much since the impulse that happened was better than I hoped for. 12,62% up while writing this. Incredible.
Divio had a real shaky day yesterday with low volume. But it ended strong which seem to have triggered an impulse today. Hopefully this means it'll finally establish itself above the trend channel's roof.
The short term upward trend I sketched out yesterday was broken, but not necessarily bearish just yet. If we draw out a trend channel from the stocks movement since mid-May, it's clear the recent impulse broke through the trend channel upwards and might now confirm the roof of the trend channel as support.
Although Pricer B is in the upper part of the trend channel, it looks like the consolidation between 24 SEK and 25 SEK will soon result in an impulse. It'll be interesting to see if this triggers an additional impulse through the top trend line.
NOTE wants to establish itself above 58 SEK, but it is proven difficult and looking at RSI and MACD together sends a mixed message. Perhaps a final push will come, establishing itself above 58 SEK, otherwise a fallback is expected. But the stock is still in a strong upward trend and it's only a matter of time before 58 SEK is behind us.
The stock has been proving strong the last few weeks with a long term upward trend. It is currently consolidating, but by the looks of it an impulse is bound rather than a drawback to the trend line.
Semcon broke through the downward trend line, through a resistance zone and lost momentum. The coming days will tell where the stock is heading, there will likely be a sell off, but there's great potential to reach above 58 SEK and recover from the corona cash.
I did an analysis of EVO a week or so ago and I thought the stock would fall back a bit and then gain strength again. It just kept going though. Now, however, it seems that momentum is starting to fade and we might see a slow fade downward, but the upward long trend will definitely continue. Best case would be a confirmation of 617 SEK as support and then another...
I usually do not draw short term trend lines, but in this case I'm interested to see how well the short term upward trend will play out. My guess is that Divio will rather consolidate around 0,78 (the blue zone) and then we'll see what happens. Buyers have frequently stepped in when the stock has fallen below 0,77-0,76.
Zwipe released a PM that the market seem to have liked, resulting in an impulse above 11 SEK. The stock is now consolidating again around 10,6-11 SEK and looking pretty strong. Hopefully this means we'll see another ATH soon.
