Possible High Tight Flag set-upIMINT (Spotlight stock market Sweden) made a breakout from a cup and has since the low of the cup risen almost 90%. This is just below the ideal minimum of 100% of a high tight flag set-up. The pole of the flag was formed in 8 weeks with good volume on the way up. The flag is currently forming and is in its third week with so far significantly lower volume than during the rise. Current correction in the flag is around 15%. I currently see two possible entries.
Entry 1:
By checking with the daily graph there is a small top at 73 on the first of september. If price rises above this point on good volume an early entry could be possible.
Entry 2:
If price breaks the high of the flag 76.8 on good volume this presents a clear entry.
I'm already in this stock since the breakout from the cup and I'm looking to add at a breakout from the flag. I do not have a set price target but will instead let price, volume and moving averages guide profit taking.
Aegir trading-möjligheter3 olika scenarion för Aegir, anpassa din entry och exit utifrån kommande teknisk bild.
Bull, Acconeer Trades in the lower part of the upward trending channel, nice looking rounded bottom. Bullish MACD- cross. RSI and stochastic looking strong. Big upside potential. I believe it will take off from here! Entry- 62,6, Target- top of channel roof or sign of weakness, Stop loss 60,6. Bull.
Bullish butterfly on 4h. Trade SetupAfter countless months of upwards momentum OMXSTO:EMBRAC_B is ready for a small pullback. It fell out of the pennant. Looking like a really great buy at the PCZ of the harmonic with targets according to fib levels! Make sure to wait for earnings though before entering as that could destroy this setup! Good luck traders!
NOT FINANCIAL ADVICE!
Bull, Handelsbanken (SHB B)Broke out from long downtrending channel this new year. Long-term is bull (not only MACD). Middle-term bull from outbreak. Short-term looks good, held upward trend bottom, bullish hammer and great risk reward right now for a fast trade. Stars alined and easy 8%. Good R/R. Gonna do a bull certificate x5 so smaller position but 40%profit. Stock is a good buy fundamentally as well, stable earnings and cheap.
Entry 103,5. Exit 111,9. Stoploss 101,5. Bull.
PCELL at important inflection point. Possible reversal!PCELL is at a very critical inflection point. This area is where reversals happen so if this level holds, we could see a beautiful reversal towards the upside. Bullish cypher aswell with the beautiful double bottom confirming the low of the harmonic. Bullish divergence as well on the MACD histogram and the RSI. Really good entry right here! Good Luck traders!
Short, Boliden Taking short position in belief that the Head and Shoulder formation will be effected. Bearish Marubozu/MA-20 cross after resistance level (5/8), charging phase and strong red Candle hopefully starting the fall down to 302. If so, the Head and Shoulder formation is completed and a continued fall down to level of support at 270 is to be expected.
Target, 302 and 270.
Stoploss, 337
Entry, 328 (16/8)
Short.
ABB of SwedenABB went sideways in a wedge pattern since 2009 and broke out to the upside in February of 2021. The stock is in a strong upward trend and is showing confirming downward/sideways flag patterns. After the recent breakout to a new all time high (ATH) the strong trend is likely to continue and the stock seems to be going through a fundamental reevaluation by the market which seems to have discovered the potential of the company, which is operating among other things in the automation and robotics segment.
EVO towards ATHFollowing an impressive rally from 1330 lows last week price has once again reached and rejected at 1600, after finding support at the 1535 I expect another break-out attempt would clear 1600 and put us on track to previous highs at 1674 and beyond. A retrace towards the 1505-1495 zone might also give a setup next leg up.
My Swedbank stock prediction in the coming weeksAfter a strong impulsive wave, the stock has been traded in a broadening wedge as a correction. Currentlyu we are waiting for a price movement against the Make or Break levels at 172-178 SEK. If we se a strong breakout to these levels. We'll wait for the first high on the daily timeframe and enter after the breakout targeting the 205-210 levels. The another scenario is a bounceback from these MOB levels.