VERK - OMXH - going for a breakout from the down trend

Updated

This one could be a good opportunity. We're going for the re-test of the downtrendline. In case of a breakout targets would be set at 7EUR. Entry at 6EUR and stoploss in case you want one would be 0.4EUR below your entry. Risk/profit ratio would be around 2.4.

Note: Resistances at 100 and 200MA in case you wanna play midterm instead of long.

Entry valid IF we break from downtrend.

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Pivot points and ichi cloud show sideways movement for a few days to come

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Trend line turning moderately mid term bullish, according to the MA-lines.

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5.80 broken, if daily candle closes outside the downtrend line we're officialy in bullish Waters.

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We're officially bullish now.

As you can see, we're outpreforming the trendline, RSI marks overbought. We will make a small correction in the near future - this will be a good entry point.

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Takeoff

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RSI red, MACD crossed. We will enter back the regular uptrend.

Putting some buys for myself at 6EUR.

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Well this was a spot-on call. Won't be updating it anymore.

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scilentor

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