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VWS | Correction complete?Hi all, my previous chart on Vestas Wind Systems didn't quite go to plan. The stock price has just been ladderring down since it's 8th of January ATHs @1605 DKK, and I've gladly been picking up more shares on the cyclical troughs. Now VWS is really looking for a turnaround. Some positives: - We are finally sitting at a very strong support range @~1160 DKK, which is our first real support after this crashed through 1286 DKK; - Price is approaching our long-term uptrend support, which hasn't failed since beginning in March 2020. If this support holds this could be a strong pop to the upside out of the multi-month Wedge formation; - We can see what appears to be a Hammer candlestick in yesterday's close. Some potential counterarguments to keep in mind: - Moving Average positioning is significantly Bearish, and previous "breakout" proved to be a Bull trap, finding strong resistance on the 50-day Moving Average; - There is a small gap which VWS might look to fill @~1100 DKK; - RSI really need to improve, as it is currently at it's lowest in months but hasn't reached oversold territory, despite a ~27% drop from ATHs. I already have a significant position in this name, would love to see this rally ~40% back to ATHs over the coming months - VWS sure is capable of it, and the company's push in offshore wind (which in my opinion will be a massive growth industry in the coming years) really gives me confidence in the Long Term. Would love to hear your thoughts! OMXCOP:VWS (*This is not financial advice, for sake of discussion and illustrative purposes only*)
OMXCOP:VWSLong
by InvestEmi
Orsted possible V-bottomSince my last update, Orsted has been sitting just under the Support at the High Volume Node, and also been shaping what seems to be a double bottom on the 4-hour chart. On a bit longer term it also shaped a bearflag/bearpennant, which should be rejected due to higher time frame trend such a's long term EMA's & RSI. Currently a hammer-candle is present on the 4-hour chart, with its lower wick touching the excact bottom in the double bottom. Due to the extra consolidation time since last update, I'll remain long in Orsted untill just sub-1400 DKK, as long as this double bottom holds.
OMXCOP:ORSTEDLong
by Veuvee
Time for an upswingTRYG A/S Trickerkode: Tryg er ved at blive spændende, både FA og teknisk, dog kunne den tekniske del godt bruge lidt flere positive tegn. Men mon ikke den holde sig til din range kanal!? Synes i hvertfald det er er god risk/reward i forhold til dette swing som er vist på chartet. Open trade til kurs 177-179 Take profit til kurs 205-208 ( max gain 17 % ) Stop loss til kurs 171-172 ( max loss 3,30 % ) Risk / reward Ratio: 5,12 Tryg A/S er en god stabil dansk aktie, der hele tiden har fingeren på pulsen og det er de også godt igang med lige nu : finanswatch.dk og ( dog skal man være medlem for at læse denne 👇 ) finans.dk Tryg A/S er bestemt en god defensiv aktie at have i sin portefølje som også giver en god udbytte ( når de udbetaler ) Hvis du ikke vil swinge den, er det stadig et okay tidspunkt at købe den på pga ( FA og den er nede ved stærk support linje og bryd op igen i fredags. Hvis den skulle falde yderligere og du er lang i denne, kunne løbende opkøb være en mulighed, dog husk at time det ud fra din risk management, men jeg ser tryg i højere vande i 2021. Dette er blot min vurdering i denne lille analyse. Disclaimer: holder den ikke - Men overvejer at købe til mig selv og til gruppen i næste uge hvis den bliver over supporten, dette er en langsigtet investering for mig/os hvis vi går ind i den. God weekend 🙏
OMXCOP:TRYGLong
by SimpleinvestMarttin
1
VWS | A true warrior on cyclical dips, will it repeat?Vestas Wind Systems (VWS) has been a top performer in my long-term portfolio. I have noticed that the stock trades sharply negative when it reaches overbought levels (RSI basis), dropping for a few days thereafter until the RSI recharges / normalizes for the next leg up. In the previous instances this has occurred, the stock took about 20 - 30 days to recover the losses. Not terrible when we consider it then usually goes on to gain ~30% to set new ATHs. If this repeats, Trend-based Fib Extension gives us a 1925 DKK price target I'm no expert in Elliot Waves but looking at smaller time frames puts us at C on the ABC correction pattern, suggesting the beginning of the new wave to come. The company has its ER on the 10th of Feb. This could prove extremely important for validating the Bull case, as outlined above (and with the green pattern), or potentially setting the stock on course for a Head & Shoulders top (Bear case, red pattern). Looking forward to hear from their management, Green energy is on a tear and should continue through 2021 and VWS will most definitely be a beneficiary if so. Any thoughts? Thanks and Good luck to all (*This is not financial advice, for sake of discussion and illustrative purposes only*)
OMXCOP:VWS
by InvestEmi
1