DSV: Head and Shoulders top completeDSV - Intraday - We look to Sell at 1415 (stop at 1496.5)
Broken out of the Head and Shoulders formation to the downside. There is scope for mild buying at the open but gains should be limited. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1415, resulting in improved risk/reward. Expect trading to remain mixed and volatile.
Our profit targets will be 1185 and 1100
Resistance: 1415 / 1507 / 1560
Support: 1357 / 1346 / 1300
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Danishstocks
Genmab opportunitysteamloss in the Genmab stock will likely fuel a new rush.
1) the 2 previous times times RSI has been below 30, it has resulted in strong returns. Will it happen a 3rd time?
2) The current strongly rising RSI will like make sure that the price will move and stay above the short term downward trend.
3) Opportunity for the price to move towards 2557 DKK. Yet be aware of potential strong resistance around 2364 DKK.
4) If this small up trend can offset the short term setback, 50/200 will likely trigger a new golden cross.
Entered long in 2168 DKK
Coloplast - ready for new uptrend?After an accelerated trend channel during the first 6 months of 2020, the stock has made a bullish retracement flag marked by the red channel. Last week and today it has shown the strength to break out of the bullish flag formation, and looks technically ready for a new bullish rally.
Bullish outbreak of new Danish hearing aid stockHas broken out of the downtrend and had a healthy retracement to 7.2 DKK. I would expect a development as indicated with the black arrows. Low float stock, so high risk.
Possible turn around for Columbus - Long PositionDanish Midcap IT firm Columbus normally avoids public radar, which might allow some upside here.
Considering the past 6 months' development, I don't believe the major price fall is completely justified and I believe a turn around is possible.
The recent development in the stock price shows strong support in 8.70 DKK, whereby this might be a long term bottom and hereafter support for positive development. During December increasing volumes have shown, while weekly RSI is still low despite increases.
When comparing P/S Ratio and P/E ratio to local (larger) danish peers (Columbus=green), Columbus is strongly underpriced considering their Q3 YTD.
I will go long when the price is 9.50-9.60
Stoploss 9.25
Target A 10.54 (1st possible strong resistance level )
Target B 11.60 (2nd possible strong resistance level )
CATCHING THE BOTTOM ON NORDEN?The reasoning for believing that this is the bottom is due to the ABC, ending C at exactly 1.272 extended fibonacci.
Price bunched shortly after.
What also confirms this theory is drawing 1-5 waves, on it.
By drawing the extension of 1-2 waves i see that .2 fibonacci ends at the exact same price at the C at 87.10