SAS (Scandinavian Airlines) - A contrarian COVID recovery bet?SAS(Scandinavian Airlines) has been butchered through 2020 as well as many other of its peers. Maybe now is the time to consider a contrarian bet on this stock? After experiencing extreme volatility to the upside and extreme volatility to the downside, SAS looks like it´s finally consolidating. it has a nice support area ranging from 1.57 to resistance at 1.93. It has also broken the falling trend from 1st October to 28th December. 1 option is to trade the breakout at 2 SEK or wait for a re-test at 1.57
For an investor, it could be the time to start accumulating at these levels.
Setup examples CBRAIN, EVO, KINDRED, INARI, OAC, POWERCEL & moreSetups walktrough, showing patterns in context for
Cbrain
Evolution gaming
Kindred
Inari
OAC
Powercell
Pexip
Photocure
Probi
QLife
IAR Systems Recovery potentialIAR Systems is among the stocks which hasnt recovered after the COVID19 sell off in Feb/march 2020.
There seems to be a strong support for the short-term upwards trend to break the long-term downward trend.
RSI is medium, but will be rising due to the increasing positive volume.
First resistance to overcome is 151 (target 1), second resistance is 170 (target 2).
First support 135 (stoploss should be 128-135, as it is stock with lower market cap).
Yet, be aware, that 50 days avg < 200 days avg, whereby the stock is still bearish in traditional terms.
Long position entered at 142.1 SEK
Hansa to bounce on last supportFar to oversold. RSI 26, CMF deep in minus.
Change not changed. Strong pipeline, but a few phase 2 studies paused due to Covid. They still show strong data across the line.
I could see a bounce soon for atleast +20%.
Stoploss at 186, just in case.
Catena Media Price is bouncing of SMA 200. Triangle is forming, break up would indicate an initial up trend to previous support levels.
OMXSTO:CTM
AstraZeneca bullish pennantThere hasn't been a significant rise in Astrazeneca, despite the approval of the vaccine in the UK, the orders from Indonesia and Taiwan and reassuring news about the effectiveness of the vaccine. I think some negative publicity about the vaccine effectiveness in comparison to the other vaccines in the US could have led to this consolidation, but even if the other vaccines are a few percents more efficient, the cost and storage efficiency will be a large differentiator for many countries. The approval of the UK will give confidence to other countries (India, Brazil, Europe,...) to speed up the approval process, I expect this will cause the stock to break upwards after more countries approve it.
Oscar Properties: Quick trade potential?Oscar Properties is an awesome stock to do a super short trades. It goes up and down 100%'s percents with a lot of volume that lets you long or short it. Currently on a 4h chart it seems like OP broke out and confirmed asymmetric triangle. Stock is super unpredictable but all indicators seems to show temporary bottom 🤷🏻♂️
Scandic, breakoutBullish movement for scandic. Broke out of triangle, runaway weekly candle. May be a bit too bullish this chart, but my entry will be done as soon as possible.
$FINGIts time for the biometric smartcards to roll out. Fing is definitely the leader in this new segment.
ONCO looking to break out soon.So I while back we looked at ONCO breaking up from a large descending triangle and we found a good entry.
Now a possible new entry point will present itself.
Breaking up from the previous triangle we've now completed an impulse with correction pattern, finding support on the 0.5 fib (red circles).
Above we need to break the SEK 174-177,- resistance before a continuation of the uptrend.
Currently we are forming a nice consolidation pattern and creating an ascending triangle in the process. Looks like a very clean setup for a break up. But we need to wait for a break of the resistance first before looking for an entry on the lower timeframes.
ASTRAZENECA - 1D TF - Bullish BatBullish Bat pattern forming on Daily Chart of ASTRAZENECA. BUY SEK 759-760, SL 706.9, Target(s) - 805, 825.
ABB LTD - BUY ABB LTD has recently touched a very solid support. Right now, there is a beautiful buy opportunity.
The target is shown with an arrow.
Bambuser SwingPossible Swing candidate
Bouncing on 20 SMA weekly with pretty solid consistent swings
Have a look and feel free to comment
Long MTRS DailySimple naked priceaction.
Long from support area, my suggestion is to go for 3R in strong trend. Only 25% winrate to break even.
CAMARUS thoughtsSo looking at Camarus there are some mixed signals currently, so it's best to wait and see how things will pan out.
We can however already look at some different scenarios to prepare ourselves.
Green scenario:
CAMARUS broke above resistance, retested this resistance and turned it into support. Whilst at the same time doing a retrace to the 0.382 fib.
This is a scenario for bullish continuation.
Orange scenario:
CAMARUS has lost it bullish momentum and will form a head and shoulders formation. Once the neckline gets broken a downward trend will start.
Vicore approaching important resistance.So the current resistance around SEK 32,- could be a good moment to take some profit if you've been holding Vicore already as it's around the all time high of July 2017.
However, this does not mean that the uptrend has to be over! Just means it's a likely location for a healthy retrace.
So if you're looking for good entries I have 2 possible scenarios:
- Green scenario; a retest of the previous resistance which is now support, around SEK 26-27. Which coincides with the 0.382 fib of the latest impulse.
- Orange scenario; a break up above the resistance around SEK 32,- and then a retest of this resistance (turned support).
Note that with both scenarios, you have to wait for clear signs of actually finding support, before considering a buy. Just saying these are likely areas at which support and buying opportunities can present themselves.
