Bullish breakout from multi-year consolidation (35+% upside)
Updated
Stock saw strong moves up in 2013 & 2014 off of GFC lows as the global economy rebounded.
Swedish Autoliv made their name in seatbelts but pioneer a wide range of vehicle safety products these days.
2.5 year symmetrical triangle (alt. bull flag) has broken out with some horizontal levels still above.
The flag interpretation Implies a measured move to 1500+ / share. A 35+% gain
The triangle targets 1400+, a 25-30% rise.
Potential stop at red dashed line.
Swedish Autoliv made their name in seatbelts but pioneer a wide range of vehicle safety products these days.
2.5 year symmetrical triangle (alt. bull flag) has broken out with some horizontal levels still above.
The flag interpretation Implies a measured move to 1500+ / share. A 35+% gain
The triangle targets 1400+, a 25-30% rise.
Potential stop at red dashed line.
Comment
Despite nasty action in the US (in particular), the trade remains on trackTrade closed manually
The main thing is to keep the main thing the main thing
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