My first scetch drawing and publishing attempt :DThis is not really an analysis (obviously), I just wanted to test the functions and see if the emerging pattern makes any sense.
Scandinavian Airlines OB Trade SAS dropped a lot today due to Q3 presentation.
Looking at a retest of the Order Block @13.10 for a potential entry.
NEL suggested route All the indicators has the same conclusion, bears are taking over. Weak momentum and no clear direction, could be a flammable combination for the Norweigan hydrogen company.
Three Drives, yay or nay?For the three drive pattern to be validated the second leg down should touch the trendline and the time intervalls between the ups and downs should be close to identical. Due to recent noise which always seems to be around NAS and the last stock issue (again) it’s hard to predict the next impulse up. But then again, this does not look too far from a classic three drives pattern.
Happy trading!
NEL ASA (Part of my hydrogen portfolio)Definitely a long term investment for every portfolio size.
Fundamental:
The Company delivers solutions to produce, store and distribute hydrogen from renewable energy. Nel ASA serves industries, energy and gas companies with hydrogen technology. The Company’s hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing fuel cell electric vehicles with the same fueling and long range as conventional vehicles.
They working on a new processing technology which will reduce the manufacturing costs drastically.
It is just a matter of time that big car companies will produce hydrogen vehicles in mass. NEL ASA provides the hydrogen technique.
Financial Q3 showed a revenue rise.
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Technical:
Upward trend.
Bollinger Band: Long
Sochastic RSI: Long
Moving Average(100):Long
Targovax $TRVX.OL clinical phase oncolytic virus valued 35 mUSDTargovax OSL:TRVX a clinical phase norwegian Biotech is currently at market cap NOK 327 million / 35 million USD.
Value inflection point very close as the company will need to raise funds in the very near future, which must either come from investors or from a possible partner deal.
PRESENTATION OF ONCOS-102 MELANOMA DATA AT SITC ANNUAL MEETING
www.healthcap.eu
Q3 report:
www.targovax.com
Q3 transcript:
finance.yahoo.com
Crayon - time to secure profits ?Trendline shown here functioned first as support, then as resistance for the last 6.5 months since beginning of april. By failing to move above it at the second attempt nov 20th, I would expect the stock to enter into a new trend. That trend can be down, sideways, or up at a slower rate than it has been going so far. Time to secure profits, and wait for a new signal ?
KIT - long, 6 month hold. A solid norwegian profitable growth company with dividend payouts. Mostly sideways, expect breakout on Q4 2019 i feb or Q1 2020 in may when they release 2020 guidance. Target: 12kr, +25% from november to may is the bet.
Photocure $PHO.OL stock trade above resistance, close at 5yr hghRecent news by OSL:PHO :
Randomized phase 3 study in Denmark demonstrates significant advantage in Bladder Cancer for Hexvix/Cysview blue light cystoscopy over standard white light variant:
photocure.com
At Q3 2019 Photocure reported continued record growth in the US as well as upfront payments from Chinese partner Asieris:
photocure.com
Further improvements for US reimbursements for Cysview from january 2020:
photocure.com
Technical analysis:
Technical indicators sliding into high momentum and near overbought values at this price level, so any entry should be done with clear considerations of short term risks.
IDEX good to BUY? I think soBullish with some good results and some new inside trades AND the desember effect should this Norwegian stock go up!
RSI divergence on weekly. support zone around 0.8 with good volume. Descending triangel like this is often Bullish with RSI divergence.
Salmar [SALM] Still consolidatingSalmar - Which is a Norwegian salmon company, has been consolidating in a roughly 15% price range the last weeks.
Personally have I caught all but one of the ranges, and now it's back at the bottom so I thought I'd share it with you all.
Price has been going back and forth from NOK - NOK for a good while now,
And considering the world-wide population growth, and the world-wide love for Norwegian salmon (wink wink) I don't see any reason
why they should fare worse in the near future.
Currently long @ looking to sell @ - unless some unforseen news arrive.
NHY attractive entry at 33s, S/R flipAfter the breakout, NHY now seems to be testing previous resistance levels as support at low 33s.
Bounced off MA50 and MA200, Golden Cross with same inputs.
Looks like its finally going to leave this inverse H&S pattern, and accelerate upwards.
LSG macro trend still intact Chart very clean.
54 offers support, and a good entry, on the weekly
Price still above 200MA
EQNR macro bottom formed Inverse head and shoulders pattern has formed, closes above 180 will most likely reverse the trend. Possible golden cross MA50 MA200
Entry would be at MA50 or retest of 180...
ELKEM looks attractive @20.xx Strong support @21 and @20. Scaling in between probably the best idea.
XXL - Heaven or Hell - When To Buy and When to Sell - LONG soonAs you can see on the following chart OSL:XXL may soon finish an A,B,C,D,E correction from a blistering 110 FX_IDC:NOKEUR from A to E. In an A,B,C,D,E we often see the last leg E extended further than the first leg A. Even though XXL has been through a shit storm of bad news, new board members and massive sell offs, it does not take away the fact that this may be an A,B,C,D,E correction. In terms of when to buy I'd like to add that you should never try to catch a falling a knife. Having said that the risk/reward by looking at the pure TA aspect looks rewarding, soon.
Before this downtrend for OSL:XXL we had several large sports/outdoor shops (G-max, G-sport, Intersport, XXL). Due to falling consumer interest both G-max and G-sport has vanished giving OSL:XXL and Intersport the majority of the market for themselves.
As we can see OSL:XXL is moving inside a triangle or falling wedge. I'd says that the correct time to buy would be when we see the first breakout and it stays out (If that happens) I think the breakout will come a bit before the report on last Q for this year. Hopefully a lot of the Christmas gifts under the trees this year will be from XXL...
Having all this said we can see on the MACD that the signal line is struggling to find its way but we can see some bullish divergence on the RSI side.
I myself will monitor OSL:XXL closely the next weeks, watch for a breakout on the upside that stays out and probably start taking some long positions in December(ish) depending if this plays out or not.
Happy trading!
Photocure $PHO.OL stock could break out after Q3 presentationPhotocure OSL:PHO presented Q3 numbers with top line numbers just a hint weaker than consensus, but with the strongest quarterly growth rate in deployed cystoscopes ever noted.
The stock is currently trading above earlier support, and a move through NOK 60 could trigger a strong BUY signal.
Q3 Report:
photocure.com
Q3 webcast in english with CEO Daniel Schneider of Photocure:
webtv.hegnar.no
Digging deep, might be cheap...OSL:NOM has been trading in a downwards channel for quite some time. To say that OSL:NOM is out of the woods would be a bold statement. BUT based on the pure TA aspect you can clearly see a bounce of the longtime trendline forming a triple bottom. So based on that purely, this is a nice entry. Also an A,B,C,D,E has been formed in the trading channel, uptrend to be seen after E but still, a halt on the top of the trading channel. This being said, if you zoom in, a potential bull flag has emerged which just might indicate a push towards and through the top of the channel. If this occurs, breakout and stay out we might see some decent gains. I'm aware of the 4-5-6 stock issues. But i'm only basing my entry on the TA aspect.
Happy trading!
will the share trade up from here?will the share follow its nordic peers, Klepierre and Citycon both trading up 15-20% last 6 months
Get REC'd?Last weeks OSL:REC has been moving in an ascending triangle. Trying to get this out before Oslo Børs opens. The pattern looks quite decisive but still, the candlesticks, two dojis are only neutral bullish. So not quite sure about what to make about the following hours. But it looks like a push either way is likely. Hopefully to the upside and some nice volume behind it to confirm the potential breakout!
Happy trading!
