IFA1V - OMXH - Downtrend continuesDowntrend continues. Possible relief in June when news heard of current financial status and new deals.
Caution: Low volume in daily Trading makes this stock vulnerable to manipulation.
Last test of support on OutokumpuI have been working on the theory of the current price action being a smaller fractal of the last bull run from ATL 0.88% .
A pitchfork can confirm the channel play occuring and a slight bullish divergence can give indication on a rally soon.
Three tests of RSI support and vertical support from a major pitchfork . The volume is down almost 70 %. It's not going to stay like this for long.
Buy levels have been around 5€ and I think a 30-40% gain is plausible. This major pitchfork followed by a rally is an exciting idea that could take us even further. Unfortunately the company has been surrounded by some bad news and the sentiment is bearish . The banks give Outokumpu a low security value.
A safer buy is at a confirmation above the red line. I'm overall short-term speculating on this. The OMXH index does not look very promising right now so it will be a tough climb.
NOKIA GRAPH ANALYSIS (trying new techn) - Multi path predictions*Note - this is my first graph of not using chart patterns but just trying to fit stuff together to predict. Please take the prediction with a grain of salt.
The marked intersection point seems like the most likely point for a breakout with multiple conversions. Looking at the different paths, it should be possible to predict the future direction!
Again, feedback would be awesome this is legit just a random graph I made.
NOKIA Long IdeaBuy NOKIA after the bounce on the confluence between the broken bearish trend line, the ascending line and the support zone. Also the price is trapped into an interesting fibonacci level. A good price action could be the trigger to buy the stock.
OUT1V - OMXH - Possible bullish gartleyPossible bullish gartley spotted. Long term investment.
Will write more some other day.
VERK - OMXH - going for a breakout from the down trendThis one could be a good opportunity. We're going for the re-test of the downtrendline. In case of a breakout targets would be set at 7EUR. Entry at 6EUR and stoploss in case you want one would be 0.4EUR below your entry. Risk/profit ratio would be around 2.4.
Note: Resistances at 100 and 200MA in case you wanna play midterm instead of long.
Entry valid IF we break from downtrend.
MARAS - OMXH - Hypetrain coming down, trying to find bottom.Do your own research, do not act based on mine as I take no responsabilities :)
Knives don't fall foreverThis downtrend has gone to extremes. We are talking about a defensive non-cyclical stock, a pharmaceuticals distributor, with intermediate to short term business troubles. Earnings could be the catalyst here. Despite it being "a falling knife", I'm willing to take some risk on this one.
Note that the RSI has been stabilizing and diverging with prices for a while now. I've flagged some potential pivot points based on previous pivots.
