Royal Unibrew in a downtrend
Consider selling me down a bit to reduce risk or to set a stop loss.
The stock is in a downtrend from my April 23. Support around 440 and 400. Price momentum indicators predominantly on sell.
Short pos. 1.49% current, but were until 7.11.23 over 3% for a period (1). That might then indicate that the shorter don't think we're going much further down.
The falling price is related to disappointing results. Refers to Jyske Bank (2) in Danish.
Fundamentally, there is an overemphasis on purchases. Refers to Trading View and Yahoo Finance.
Remember you must do your own research and assessment before buying and selling.
(1) finanstilsynet.dk/Lovgivning/Information-om-udvalgte-tilsynsomraader/Short-selling/Offentliggjorte-positioner
(2) jyskebank.dk/wps/wcm/connect/jfo/47903433-75b5-4ff0-a6d8-6bbd6fd415c2/Danske+aktier+December+2023+(rigtig).pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE.Z18_P20418S0N05640Q0MBPDFT1PE7-47903433-75b5-4ff0-a6d8-6bbd6fd415c2-oOgFHY9
The stock is in a downtrend from my April 23. Support around 440 and 400. Price momentum indicators predominantly on sell.
Short pos. 1.49% current, but were until 7.11.23 over 3% for a period (1). That might then indicate that the shorter don't think we're going much further down.
The falling price is related to disappointing results. Refers to Jyske Bank (2) in Danish.
Fundamentally, there is an overemphasis on purchases. Refers to Trading View and Yahoo Finance.
Remember you must do your own research and assessment before buying and selling.
(1) finanstilsynet.dk/Lovgivning/Information-om-udvalgte-tilsynsomraader/Short-selling/Offentliggjorte-positioner
(2) jyskebank.dk/wps/wcm/connect/jfo/47903433-75b5-4ff0-a6d8-6bbd6fd415c2/Danske+aktier+December+2023+(rigtig).pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE.Z18_P20418S0N05640Q0MBPDFT1PE7-47903433-75b5-4ff0-a6d8-6bbd6fd415c2-oOgFHY9
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.