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100 point drop ahead?GMAB We are here again, fifth time we hit the upper band of the paralell ascending trend channel, the prior 4 times it made a spinning top and bearish engulfing before heading down. That's pretty much what we can see again, spinning top followed by bearish engulfing. GMAB, recently broke out of the big overhead resistance from the former triple top, which was formed in 2017. It would be likely that GMAB takes a breather after 8 weeks of green and a bit overextended. It could take a small dive and revisit 1485 and enjoy the view from the former top and bounce back from there.
OMXCOP:GMABShort
by UnknownUnicorn2034381
Zealand Pharma at a turning point? I think so...Looking at this with a long perspective in Log scale, it seems rather obvious that we're in an overbought area where we need a correction. Previously we've seen large correction the years following such a peak, but is this time different? Maybe, but surely not before a correction of 30-40% from the top, then it might bounce up quickly and set a new trend, who knows? Yet, learning from the trend, I've made my guess on the future of this stock, not knowing anything about their fundamentals or their pipeline. Currently I would sit back and wait for a better entry point if you're interested in jumping on the train. This has been a quick look, and always do your own DD. Happy trading.
OMXCOP:ZEALShort
by nDam
Is Danske trending back up?As we can see on the following chart, OMXCOP:DANSKE is moving in a textbook ascending triangle. If this plays out we may have a perfect cup and handle in the making boys and girls, meaning that a clear uptrend indeed is in the making from a TA aspect. Due to all the other aspects OMXCOP:DANSKE may indeed still be in trouble due to the money laundering and other recent bad news. But is this already priced in? We've already had a 60-70% retrace since the shit hit the fan. The OMXCOP:DANSKE is a LONG ticket for me. Happy trading!
OMXCOP:DANSKELong
by Stilster
10