Vicore potential bullish setup, target 134%
The fundamental outlook for Vicore is extremely bullish with a target of SEK 41,-.
So I've been looking at a good entry for quite a while now.
After the most recent rejection at around SEK 20,-, VICO seems to be finding support on the weekly chart. Both the 200 MA (thick black line) and a horizontal support area are credit to that.
The black arrow, creating a descending triangle on the support area is our tell tale.
If this is a retest of the new found support then the price should break this black trend line upwards, providing a buy signal and the platform to test the SEK 20,- resistance once again.
If however the support around SEK 17,15-17,30 breaks we need to go and find a new entry opportunity.
So I've been looking at a good entry for quite a while now.
After the most recent rejection at around SEK 20,-, VICO seems to be finding support on the weekly chart. Both the 200 MA (thick black line) and a horizontal support area are credit to that.
The black arrow, creating a descending triangle on the support area is our tell tale.
If this is a retest of the new found support then the price should break this black trend line upwards, providing a buy signal and the platform to test the SEK 20,- resistance once again.
If however the support around SEK 17,15-17,30 breaks we need to go and find a new entry opportunity.
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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.
Related publications
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.