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REC Silicon sees its rise from Moses LakeREC Silicon will soon report news about its production start at Moses Lake, leaving the stock to probably rise from the bottom of its long term box range (between 10 and 20 for years, outliers occurs). REC Silicon have become the trading favorite at OSEBX (Oslo Stock Exchange) due to its volatility during news runs and Q-reports. Already bumped its bottom support level twice recently on the Daily chart, and formed a double bottom pattern, trading at the neckline. Long position to get in the game. Trade Idea: CEST Condition: Candle to close above the trend channel roof on the Daily Chart Entry: On re-test of the trend channel line the price just closed above SL: 9.5 TP: 14 R/R = 2 and 27 % Profit Note: Price might touch support before reversing to the upside, so please manage risk and entries accordingly
OSL:RECSILong
by JBiiiird
Long. TP 260. The share price has broken out after 3 years of consolidation, making new ATHs in modest increments. Things are turning bullish for the sector, which has been in the doldrums for the last 4 years, first hit with COVID, then consumers hit with double whammy of high electricity prices and higher interest rates, following markdowns of fair values of real estate assets due to higher transaction yields driven by interest rates. What was a nearly perfect storm of depressive events has now turned to an accumulation of bullish factors for the sector. Consumers are getting wage increases, electricity prices have come down, and interest rates appear to have peaked, with some signals materializing of potenital decreases in rates towards the end of 2024. OLT is not the only company in the sector breaking out of a 3 year holding pattern, a similiar patter can be seen for Unibail Rodamco Westfield, and NEPI Rockastle. All companies are showing 1. Double digit increases in like for like revenues 2. Extremely low valuations in a historic context, with earnings multiples being between 7-9x 3. Price to book values significantly below 1, with discounts to NAV of 40% of more Low valuations, strongly improving outlook and finally, bullish technicals makes this a no-brainer. Unless Putin decides to attack Poland (GFB), the only way is up.
OSL:OLTLong
by Aeolusinvestor
Equinor (EQNR) | Technically a Great Opporunity!Hi, Long story short, technically the price of EQNR has started to approach an interesting price level. A lot of criteria are matching and from my point of view, those who have waiting for an opportunity to jump in then you can slowly start building your position. Obviously, after you have done your homework about fundamentals - this, what I share here, is basically pure technical. If you find something interesting from fundamentals as well then you have two green lights from both analyses and you are ready to go! Criteria inside the marked box, starting from the highest 1. Equal waves from the top 2. Previous yearly highs starting to act as support levels (highs from 2006, 2008, 2014, 2019) 3. Fibo golden ratio 62% 4. 50% drop from the all-time high. 5. The round number 200 NOK Hopefully, it will work as good as previous Equinor ideas: 1) 2) Good luck, Vaido
OSL:EQNRLong
by VaidoVeek
NAS reverse head and shoulders formationNorwegian Air Shuttle (NAS) has formed a reverse head and shoulders formation, signaling a shift in dynamics between buyers and sellers in favor of buyers. Since June 2021, the outlook for NAS has been uncertain, but there has now been a significant breakthrough above a resistance level. The range between 13.5 and 13.7 has been a significant resistance zone for NAS since June 2021. The first encounter with this resistance occurred in February 2022, followed by another attempt in april 2022. Afterward, the stock declined, forming the head in the reverse head and shoulders formation. The stock managed to recover to the resistance in June 2023 but failed to break through. Subsequently, a decline ensued, establishing the right shoulder. On February 5, 2024, the stock successfully broke through the resistance with high volume. This suggests further upward movement and marks the beginning of a potential rising trend.
OSL:NASLong
by renasjalal
Yara is in a declining trend The analysis here may be irrelevant if you are long. Yara is in a declining trend – price < SMA50 < SMA100 < SMA200. Double peak (DT) from around July 17 to October 19, 2023, where the object has been taken out. Support, when looking back in time on the 5 year chart, around 335 and 310. Oversold January 5-8 and from January 12, 2024 at RSI 7, but not RSI 14. Oversold in the same periods at Williams%R 14. Price momentum indicators overall on sell. There is no good correlation between price and volume. The stock is technically negative over the medium term — one to 6 months. The sum of short positions is 0.00%. On 28.11.23 there was a position of 0.5% one day and from 3 to 5 July -23 a position of 0.5%. That doesn't suggest that those who shorter think there's much to be gained. The price is in down trend as the last 3 quarters have been disappointing. Fundamental analysts are, on average, neutral on the stock. Refers to Trading View and Yahoo Finance. NB: Remember you must do your own research and assessment before buying and selling. NB: I have a position in Yara. I have an unrealized price loss on the stock, but it's only about half of my dividend on the stock. Consider down selling or stop loss to reduce the risk of loss.
OSL:YAR
by scorpiris
Ultimovacs finalize topline data for ph2 cancer vaccine trialUltimovacs is a norwegian clinical phase biotech with a universal cancer vaccine as its lead product. Today the company reported to the market that in march it will share topline data from its randomized phase 2 trial INITIUM for its lead product UV1 , a universal cancer vaccine to be used in combination with checkpoint inhibitors. The stock is at the moment testing the last major resistance level at around NOK 140, before the way is open to a retest of ATH.
OSL:ULTILong
by savepiginvest
Falling wedge patternMagnora ASA is a Norwegian company operating in the field of renewable energy and sustainability. They specialize in the development, investment, and operation of projects related to wind power, solar energy, and other renewable forms of energy. The stock is currently in an upward trend, characterized by the establishment of Higher Highs (HH) and Higher Lows (HL). Recently, it broke through a falling wedge pattern, indicating a continuation of the trend. I have taken a long position with a Risk-Reward Ratio of 2.5. The stop-loss is placed just below the trendline, while the price target is set at the resistance level to optimize the profit. I plan to provide an update in the comments section once the stock price reaches either the price target or the stop-loss.
OSL:MGNLong
by renasjalal
3
Elmera Group ASA has broken through a significant resistance levElmera Group ASA, a Norwegian electricity supplier catering to both private and public residences and buildings, has experienced a downward trend from September 2020 to September 2023, characterized by consistently Lower Lows (LL) and Lower Highs (LH). However, over the past five months, from May 2023 to September 2023, the stock has entered a sideways trend, and recently, it has broken through a significant resistance level at 24–25 Norwegian kroner. This market shift has led the stock to transition from establishing Lower Lows (LL) and Lower Highs (LH) to forming Higher Highs (HH) and Higher Lows (HL), indicating a clear change in the dynamics between bears and bulls. Considering this shift in the market, a retracement to the former resistance level at 24–25 kroner, now functioning as support, could occur. This might provide a possible entry point for individuals interested in taking a long position. Emphasizing the importance of considering both technical and fundamental factors, it is recommended to conduct thorough assessments, analyze trends, as well as support and resistance levels. Additionally, staying attentive to any news or events that may impact price movements is crucial. Do not overlook the necessity of a clear risk management plan and a thoughtful evaluation of portfolio diversification.
OSL:ELMRALong
by renasjalal
FRONTLINE PLC Long - Dollar Cost AverageThis is an analysis of Frontline PLC - a Norwegian oil transportation company, the following is strictly my own personal opinion and does not constitute financial advice. Key numbers: Dividend yield expected 2024 - 17% P/B - 2.03 P/E - 5.41 Market cap 47 178 MNOK (4.5 BUSD) Analyst estimates: Analyst estimate average for FRO is 267.5 NOK which is equivalent to a 32.3% increase from todays price. Key information: FRO has had a significant increase in price the past 6 months, and analysts estimate an increase in both dividends and growth for the company in the coming years. Technical analysis: FRO made a bullish divergence on the 195-200 support level recently, after a significant sell off the past few weeks the stock did not even drop as a result of dividends being paid out to stock holders, and I see this as a sign of the stock being about to reverse the downwards trend and begin to move back towards my price target of 260-280. Strategy: I am currently in possession of FRO shares with a GAV of 150 NOK/Share as well as increasing my position on friday for 200 NOK/Share. I am looking to hold these shares until price reaches 260-300 NOK/Share depending on coming events. If the price keeps moving down, I will look to hold my position until the stock reaches my price target regardless, as the dividend payout is significant. This might change if significantly bearish news arise, but I do not see that as a high probability at this moment. If price reaches my profit target, I will again look at analyst estimates and given there is no change I will exit my position for a significant gain. If analyst estimates increase I will either close part of my position or hold it until bearish divergence on the 4H timeframes.
OSL:FROLong
by DonBboy
2