SAAB - Expecting retracement before continuationI would like us to retrace before we continue up, if we go up from here i expect a bigger retracement in the future and the continuation to be weaker. Bascily if you want SAAB to continue up in the long run you want a healthy retracement here.
I can see SAAB to go up to 790 based on trend-based fib extension. After the retracement, if we hold the bouncing levels.
Omx
OMX C25 potential bullish trendThe OMX C25 shares had a very good bullish trend from the beginning of COVID-recession. Now the shares just finished a shoulder head shoulder bullish formation and is now testing at the support level. Now it is very possible that the shares are going to raise and reach the resistance level. Therefore we now could get a potential bullish trend where it can raise 16% over the next few months (give & take). So now is a good time to invest int this share if you are looking for a short-term investing but also a good time for a long-term.
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
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
OMXS30, (1M) Melt up is hereMelt up is here just like in 99/01, only question is for how long can it go on?
I see in best case we go to 2300 (~7%), but you never know may as well end in disaster next week, or even blow pass 2300.
Be careful out there, i'm starting to cut down on positions from here.
ZAPTEC builds momentumThe Nordic indexes have struggled this week along with the USA. However, I believe we are in for a treat the coming week as the market relaxes!
We had a beautiful bounce on the Fib (0.618), and with a close in the range 55-60 today I believe that we would continue to move upwards.
If you have any questions please let me now!
Best regards,
Widtrade
OMX30 - DailyIndex is up almost 23% since the bottom bounce a few weeks ago, and it's still below Fib 50% (1580) and EMA50 which, in my view, is still negative although we are trending above EMA20 - possibly positive in the long term.
On 20 April, OMX formed a hanging man that was confirmed with another red close on 21 April. As long as we don't make a new high, I'm looking at 1470 and 1400 (Fib 50%) as levels to go long (mainly the latter than the former). MACD and Stochastics also signal negative divergences which re-confirms the candlestick pattern.
In conclusion, with a 23% rally, a slight pullback would be healthy before we form higher highs and higher lows.
The beginning of the endThis is the beginning of the end for the Estonian stock market as the economical indicators are at the same levels in the country as in 2008 in terms of employment, unemployment, vacancies and all the other good things. Not only that but the market is in heavy correlation to our American friends whom are on their way down in to the dumpster.
Here is an analysis with a H&S pattern being broken at an all time high crushing through the quarterly moving average dipping under the monthly aswell yet to land on the annual, combine this visualization with the fundamental economical indicators.
Outlined are aswell the possible sell and buy order areas.
$LUPES (Large Cap OMX Stockholm) trend continuationLundin Petroleum spiked up today with a nice bullish runway gap, proving there is more to expect.
The stock is trading well over both MA50 and MA200.
Close to oversold but a first target would be gap close from february 2013 @ 164.