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Bakkafrost a Faroese fish farming company for salmonMany will probably change their positions in Norwegian fish farming companies to Bakkafrost after a bill on resource taxation. Most people were not aware that the political risk in the salmon industry was so great in Norway. Trend lines and pivot lines are determined by a longer time horizon than current charts in a year. Bakkafrost is located in a falling trend channel. It is seen by the chart and the long Moving Averages. From late September, the stock is in a short rising trend. It is supported by SMA 7. The volume balance is negative two months behind. Volume is falling from a peak end September. On Balance Volume flat development in 28 days. RSI 21 rising from September and now around 60. Marginal break up at 530.5. Support around 494.5 and resistance around 584.5 Oscillators and Moving Averages stand one day on bay, one week on neutral and one month on sell. Consider the stock technically positive in the short term and neutral on the medium time horizon. Note here it is preferably a technical analysis, but fundamental analysts have a more positive view of the stock especially after it was pulled down when the other salmon stocks on the Oslo Stock Exchange fall. Bakkafrost used to be among the most efficient operators (ebit/kg), but since acquisition they have struggled with operations in Scotland. Remember that you need to do your own research and assessment before buying and selling. Disclaimer: I hold a position in the stock. Sources: Trading View www.bakkafrost.com
OSL:BAKKA
by scorpiris
Var Energi“Var Energi” went stock exchange listed in February. The stock is not in any long trend, no what best describes the price is a REC that the price fluctuates in. There is a double top that is to some extent supported by volume. Its width is 6 months. Immediately there is a break of 4%, but since the end of September the price has been hovering above and below the break line. The volume balance is negative both 1 and 3 months back. RSI 14 follows REC. The sum of Oscillators and Moving Averages stands one day on sell and one week to one month on strong sell. Consider the stock technically negative in the medium term. Note here it is a technical analysis, but fundamental analysts have a more positive view of the stock. Remember you need do your own research and assessment before buying and selling. Disclaimer I have no position in the stock. Sources: Trading View
OSL:VAR
by scorpiris
Norwegian pennystock Flex LNG (Natural gas transportation)Table of contents: § 1 About FLNG § 2 The market § 3 Why I am bullish § 4 The risks § 1 Flex LNG(FLNG) is a Norwegian company. They specialize in transporting liquid natural gas around the world for heat, cooking etc. They also create ships themselves, specially created within the CE regulations to ensure safe transport, as natural gas is highly flammable and explosive (who would have figured that one out...) Now, FLNG has done something that might be incredibly smart or it might be incredibly stupid depending on which way things goes: Most companies transporting gas and oil get a fixed rate on the transport, however FLNG has made it so they get paid based on the spot price of natural gas (futures are called NG1! if you want to see the price) This means if the price of natural gas goes up, so does their revenues, which also creates an interesting scenario for us as I will explain in more details in § 3. § 2 FLNG's market is mostly based in China and India (~2 billion people) which in latest years have used a lot of coal for heating, the problem with burning coal is that it's very harmful to the environment, it releases a lot of CO2 and last but not least it releases microscopic particles in the air increasing cases of astma and COPD (Chronic Obstructing Pulmonary Disease) which I don't have to tell you - is reall bad. Now both China and India needs to move over to a more environmental friendly source of energy and heat, this is where natural gas comes in. When you burn natural gas, you only get CO2 and water as a biproduct, which is still bad for global warming, but does not increase cases of COPD or astma. § 3 I am bullish when it comes to FLNG as I believe it will be ranging a lot based on time of year, as we can see when it comes to natural gas spot prices, this can make it a lot easier to predict price movements, as price has historically been highest in the winter (because it's cold and people need more heating, again, who would have figured...), and lower in the summer as very few people need heat in the summer. I also think that because the market is so huge with at least 2 billion people I think there is a LOT of room for expansion. § 4 Although I believe this is an up and coming industry that will be huge the coming years, there is no guarantee that FLNG will be the leaders in the market, but seeing as Norway historically have been one of the leading ship builders and also leading within oil technology I strongly believe flex have a high potential. However, if it does not reach a 50-100% increase within February, it will likely not happen this year as spot prices will be on their way down again. Another risk is market turbulence which might hurt FLNGs price. To end it off with a little bit of my techincal analysis: Price bounced from the 80NOK mark (~$10) where it has not been since it's true pennystock days where liquidity was scarce. Price was trending downwards after the winter just like NG prices have too. I believe the 80NOK level will hold because a lot of bigger institutions bought in at 120NOK and I believe they will either look to average down around the 80NOK mark to get their average to 100NOK to lower their overall downside. And as we are smarter than the institutions (not really) I came up with an idea on how to spot more accurately when price is likely to explode (thank me later): Look at weather forcast for the most populated areas in China and India, when temperatures start dropping it's probably time to buy either FLEX or NG futures. Thank you all for reading and have a great rest of your day.
OSL:FLNGLong
by DonBboy
1
Yara is a stock many investors would love to own YARA is in a horizontal trend channel if you look a year + back. It is supported by the long averages. On the latter, the short averages are declining. The price has been between 393 and 500. In Friday's we had a marginal break down of 2.15% with slightly increased volume. Today, the stock is testing the floor of the trend. The stock is oversold in the short term, but not in the long term. Refers to RSI 7, 14 and 21. On volume balance OVB has been declining over the past 22 days. Oscillators and moving averages stand from one day to a month on sell. An assessment of the stock will depend on whether it returns in trend or if we get a documented trend break. Considers to further the stock technically slightly negative in the short to medium term. Disclaimer: I have a position in the stock. Remember that you need to do your own research and assessment before buying and selling. Sources: Trading View.
OSL:YAR
by scorpiris
Potential bottom formation in Kahoot!Short Term We look to Buy at 17.60 (stop at 16.60) Price action looks to be forming a bottom. In line with the possible early stages of a reverse head & shoulders pattern and the strong rejection of dips, we look to set longs in anticipation of a swing higher. A break of 18.00 is needed to confirm follow-through bullish momentum. The preferred trade is to buy on dips. Our profit targets will be 19.60 and 21.00 Resistance: 18.00 / 20.00 / 28.64 Support: 16.75 / 15.00 / 12.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
KLong
by Saxo
3
Head & Shoulders pattern possibly playing outGolden Ocean had quite a run from lows in March 2020 to late May 2022 of +490%. Since then stock is down approx 40%. We now have this H&S pattern on weekly chart which signals a change in trend and also a possible Death Cross on daily chart in the making. Technicals are bearish and fundamentals are not looking great with Chinas economy slowing down and consuming less. Spot rates have nosedived and dry bulk sentiment is ‘worst it has been in many years’. Short positions are currently at 2,52%. Conservative target: nkr 74 Pattern target: nkr 59 Good luck!
OSL:GOGLShort
by Zolly
2
$RANA - Consolidation phase + Oversold Technical Analysis Oversold - William %R on 1Wk chart below -80% and there are reversal signs of a RSI bounce off the 1Wk 30 level. 1D chart showing consolidation phase happening within the wedge. We need to wait for the consolidation to finalise and 1D indicators to reset before we have a BUY or SELL signal. Price Target BUY side price target looking like NOK 48-56. Upside of 9%-27% Quality Screen EV/EBIT: 1.86 P/B: 4.68 ROIC: 83.12% with current ROCI at 70.84% EPS: 1.39 USD
OSL:RANA
by subtlepapi
Bounce for Kongsberg Automotive?Kongsberg Automotive Short Term We look to Buy at 2.29 (stop at 2.19) We look to buy dips. Choppy price action seen. Previous support located at 2.30. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 2.62 and 2.91 Resistance: 2.80 / 2.93 / 3.30 Support: 2.30 / 2.00 / 1.35 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
OSL:KOALong
by Saxo
Take off for Norwegian Air Shuttle! Norwegian Air Shuttle Short Term We look to Buy a break of 9.21 (stop at 8.34) We look to buy dips. Previous resistance located at 12.70. Previous support located at 9.00. Trading within the Channel formation. We look for a temporary move higher. Our profit targets will be 12.69 and 13.49 Resistance: 11.50 / 12.70 / 24.00 Support: 9.00 / 6.00 / 5.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
OSL:NASLong
by Saxo