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Avanza Breakout: Analyzing the Uptrend and RetestLong-Term Trend Analysis Since its IPO, Avanza has demonstrated a clear uptrend, consistently forming higher highs and higher lows, reflecting a strong bullish sentiment over the long term. Recent Price Action (Weekly Timeframe) On the weekly timeframe, a triangle pattern emerged, which has recently broken out. The price then retraced, suggesting a potential retest of the previous resistance level, which could now act as support. Retest and Key Levels The recent retracement appears to be a successful retest of the previous triangle pattern's resistance. This successful retest often signals a continuation of the upward trend. Examining further, we can see that the previous triangle pattern has now become a critical area for retests, followed by strong upward reactions. This supports the idea that the recent move down was indeed a successful retest. Fibonacci Retracement Analysis Using the Fibonacci retracement tool, the stock's recent reversal aligns perfectly with the 0.618 level, reinforcing its significance as a key support level. This level is often considered a strong area of support in uptrends. Outlook and Potential Patterns After analyzing the chart for patterns and key levels, we can anticipate potential future movements. A key level has been identified, which the stock has respected multiple times. This level could play a crucial role in forming a reversal pattern. Two scenarios could unfold: Inverse Head and Shoulders Pattern: The stock could form an inverse head and shoulders pattern, using the key support level as its neckline. Double Bottom Formation: Alternatively, a double bottom pattern could emerge at the key support level, signaling a strong reversal. Trading Strategy To capitalize on this setup: Conservative Approach: Wait for a clear reversal pattern (like the inverse head and shoulders or double bottom) to form before entering a position. This approach minimizes risk by confirming the trend direction, set a stop loss top minimaze risk. Aggressive Approach: If you believe the stock doesn't require a full reversal pattern, consider entering now. In this case, setting a stop loss just below the key support level is crucial to minimize potential losses.
OMXSTO:AZALong
by Tallblomma
Nordnet: The question is Breakout or Fakeout? OMXSTO:SAVE 's Position: Breakout or Fakeout? OMXSTO:SAVE is currently at a critical juncture, having recently broken out of its long-term bullish channel. The key question now is whether this move represents a genuine breakout with a successful retest or just a fakeout. Monthly Chart Analysis On the monthly chart, we observe that since its IPO in 2020, Nordnet has been in a strong bullish uptrend, defined by two key trend lines. Recently, however, the stock broke through the upper boundary of this bullish channel, raising questions about its next move. Weekly Chart Analysis The weekly chart shows that after breaking through the upper trendline, the stock made a downward move, testing this line as a new support level. This was followed by a strong upward reaction, suggesting a potential retest and continuation of the bullish trend. However, the possibility of a fakeout remains, which could see the stock reverse back down to the long-term support level. Daily Chart: Key Levels On the daily timeframe, several key levels have emerged where the stock has shown significant reactions in the past. These levels—197 SEK, 217 SEK, and 230 SEK—are crucial for determining the stock's future direction. Recently, the stock bounced upward after touching one of these key levels and is currently testing another. Support Line Identification We can also identify a rising support line that the stock has respected, providing additional context for potential future movements. Outlook: What's Next? I anticipate that Nordnet may form a reversal pattern, such as a double bottom or an inverse head and shoulders, with the 217 SEK level serving as the neckline. If this scenario plays out, the stock is likely to resume its upward journey along the rising support line. Trading Strategy For those looking to trade this setup, consider entering a position near the long-term upper resistance line, provided there are confirmations on lower timeframes (e.g., reversal patterns, volume spikes, or indicator signals) that indicate upward momentum. If you suspect this is just a fakeout, it might be wise to wait for a clearer setup. Regardless, be sure to set a stop loss to minimize potential losses.
OMXSTO:SAVE
by Tallblomma
This stock can easily rise very strongly in a short squeeze.This stock can easily rise very strongly in a short squeeze. The company is the 10th most shorted share at Nasdaq Stockholm, and the company has a market cap of SEK 21.4 billion. According to an overview from 09 August 2024, Sinch AB (ticker on Nasdaq Stockholm: SINCH) was number 10 of the 15 most shorted shares on the Stockholm Stock Exchange. The Sinch-share (SINCH) has had some tough years on the Nasdaq Stockholm Stock Exchange in recent years now, and where the share has fallen from a peak of around SEK 200.00 in August 2021, and down to around SEK 14.00 in September 2022. The share is currently traded at around SEK 25.00, and the company has a market cap with today's share price of around SEK 21.4 billion. Technical Analysis of Sinch AB (ticker on the Nasdaq Stockholm Stock Exchange: SINCH) After a very sharp decline from August 2021 to September 2022, and where the share, as mentioned, fell from around SEK 200.00 to around SEK 14.00. Today, the share is traded around SEK 25.00. The stock has now over the past two years or so established a very large Symmetrical triangle formation. Should there be a break upwards from this large symmetrical triangle formation, then a strong technical buy signal for the share will be triggered. Looking at the shorter picture, the stock has broken out of a falling wedge formation, and also seems to be about to break above both the 50-day and 200-day moving averages. There is considerable technical support for the share around the SEK 24.00 - 25.00 level, and where there is, among other things, technical support down towards the 50-day moving average. Although such a strong technical buy signal has not yet been triggered for the Sinch-share, I believe that this is a share that may be well worth keeping a close eye on going forward now. Should there be such a break upwards from this large symmetrical triangle formation, what will be indicated by potential for the share is marked with green dashed lines in the chart. The potential for the share will then be up to around SEK 100.00 - 120.00 in 1-2 years' time. In other words, a significant potential will then be triggered for the share, which is currently traded at around SEK 25.00. What could potentially trigger negative technical signals for the share would be if it had an established break down below the SEK 24.00 and 21.00 levels. This will then trigger a technical sell signal for the share.
OMXSTO:SINCHLong
by StockCharts365
Atlas Copco AB: Potential Entry Points in a Long-term UptrendOMXSTO:ATCO_A has demonstrated a long-term uptrend throughout its history, marked by two strong channels, with higher highs and higher lows. Since the Ukraine-Russian market crash, OMXSTO:ATCO_A has experienced a 100% increase. Currently, the stock is at the resistance channel, which has resulted in a notable downward reaction: During the strong uptrend, previous resistance levels, where the price peaked, turned into support levels when the stock experienced pullbacks. Now, as the stock returns to these crucial levels, they may serve as key support, potentially causing the stock to struggle to break below them or to rebound and rise further. I anticipate that the stock will gradually break through each of these key levels, eventually approaching the lower trendline before launching into a significant bull run. This scenario presents a promising opportunity for a long position, but we need additional bullish confirmation at these levels before making a move. Important levels: 150 SEK, 140 SEk, 120 SEK, 100 SEK
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OMXSTO:ATCO_BLong
by Tallblomma
6
Double Peak ?On the 5-year chart, NIBE has a double peak. It is a hypothesis that is to some extent supported by volume. There is a sharp increase in volume when the neckline is broken by the price drop from the second peak (3). Increased volume at the formation of the first and second peaks a little early in the course (1,2). The object is heading towards 0, but it probably won't be that bad. It is a long course of time for a double peak, but I've seen it before, for example with GS. Disclaimer: I bought a number of Swedish stocks at a low price during covid in 2020. Swedish society was not shut down like many other countries. After some time, I have sold most of them again. I have sold out of NIBE twice, but far from the price peak, unfortunately. Remember you need to do your own research and assessment before buying and selling.
OMXSTO:NIBE_B
by scorpiris
Jumpgate AB (Ticker on Nordic SME: GATE) can be multiplied.Technical Analysis of Jumpgate AB (Ticker on Nordic SME: GATE) The Swedish company and share Jumpgate AB (Ticker on Nordic SME: GATE) is now at the very bottom of a long-term falling trend, and the share may now be at a very favorable level to buy the share at. As far as I can see and understand, there can't be much downside in this stock here from today's level. This very exciting company is valued today at only around SEK 52 million. StockCharts365.com believes that the stock can easily both double and possibly multiply within a short time now. Technical Analysis of Jumpgate AB (Ticker on Nordic SME: GATE) The Jumpgate share has shown a weak development in recent years, but now it may well have reached a bottom here around SEK 0.05. The share is now all the way down towards the lower trend line in the long-term falling trend, and the share is heavily oversold in the short and medium term. A reversal upwards can therefore be expected within a short time, and there will then be little technical resistance for the share until around SEK 0.16. That means around three times the current exchange rate. Further up, there will be technical resistance towards the upper trend line in the long-term falling trend, around SEK 0.28. Based on the overall technical picture for Jumpgate (Ticker on Nordic SME: GATE), the share is assessed here at the support level around the lower trend line in the long-term falling trend, and could be at a very interesting level to buy the share at. For information, the undersigned has himself bought shares in Jumpgate here today.
GLong
by StockCharts365
Price prediction based on financial reports and interest rate After reviewing Q3 financial report my guess is that YTD net profit -424 MNOK is incorrect. They added an estimated aquculture tax based on 100% of profit before tax. In the Q3 financial report thet added following statement: "The government’s proposal on resource rent tax on aquaculture (in the sea) was adopted by the Storting on 31 May 2023. The estimated tax expense is very uncertain." My guess is that the new tax is new and unclear how it will be implemented, therefor they purposefully added it higher, which resulted in negative net profit YTD. Future rate cuts will increase asset value which decreased 710 MNOK in Q3, and decrease future interest expenses. In short I base my bully view on that purposefully made the financials seems worse until the new aquaculture tax is more clear how it will be implemented.
OMXSTO:AUSSOLong
by Grodanx
SUECIA stock > SAAB_B short !Based on my graphic analysis I observe a bearish projection reaching minus 9% in the price of this corporation, that is; from SEK:878 it will drop to SEK:798 With a buy exit emerging at SEK:961, it is worth remembering that the exact time the decline will take is unpredictable, the market will simply do its job. We can mention that it will happen within the next 15-20 days from this post! REFERENCES: * Green line: emergency exit price: SEK: 961 = -9% * Red line: selling price (position) SEK: 878 * White line: profit SEK: 797 = +9% However, it is important to remember that these marked lines must be respected. If the price goes up 3 to 5% after you execute the position, don't try to improvise and change everything. The movement could return to the initial direction and you will be left frustrated! "Sitting quietly and waiting for the operation to develop most of the time will allow you to earn much more money. That is, sit in the stands and enjoy the spectacle that the bull will present to you, control your emotions, since the biggest enemy of "The time to invest is yourself" As for capital management, I leave it to my personal discretion knowing that we must always have money flowing and remain firm in the market. Greetings and I hope you take advantage of this good negotiation opportunity! > Josias Baltazar.n
OMXSTO:SAAB_BShort
by JARTRADING2