Update on DivioThe short term upward trend I sketched out yesterday was broken, but not necessarily bearish just yet. If we draw out a trend channel from the stocks movement since mid-May, it's clear the recent impulse broke through the trend channel upwards and might now confirm the roof of the trend channel as support.
Pricer B to impulse over 25 SEK?Although Pricer B is in the upper part of the trend channel, it looks like the consolidation between 24 SEK and 25 SEK will soon result in an impulse. It'll be interesting to see if this triggers an additional impulse through the top trend line.
58 SEK resistingNOTE wants to establish itself above 58 SEK, but it is proven difficult and looking at RSI and MACD together sends a mixed message. Perhaps a final push will come, establishing itself above 58 SEK, otherwise a fallback is expected. But the stock is still in a strong upward trend and it's only a matter of time before 58 SEK is behind us.
Evolution Gaming momentumI did an analysis of EVO a week or so ago and I thought the stock would fall back a bit and then gain strength again. It just kept going though. Now, however, it seems that momentum is starting to fade and we might see a slow fade downward, but the upward long trend will definitely continue. Best case would be a confirmation of 617 SEK as support and then another impulse with a higher high.
Divio impulse, new consolidationI usually do not draw short term trend lines, but in this case I'm interested to see how well the short term upward trend will play out. My guess is that Divio will rather consolidate around 0,78 (the blue zone) and then we'll see what happens. Buyers have frequently stepped in when the stock has fallen below 0,77-0,76.
Zwipe impulse, now consolidatingZwipe released a PM that the market seem to have liked, resulting in an impulse above 11 SEK. The stock is now consolidating again around 10,6-11 SEK and looking pretty strong. Hopefully this means we'll see another ATH soon.
Pricer B ending the week strongI was wrong about a dip in Pricer B, it has established itself about 24 SEK. I would like to see 24 SEK being confirmed as a support one more time before calling it a strong support line.
SWEDBANK (SWED_A)Hi,
Strong support around 100 - 117.
Technical criteria:
1) Rejection from the round number 100
2) Rejection from the Fibonacci retracement level 62%
3) Previously worked tiny resistance levels become support
4) 50% drop from the recent high acting as a support
Regards,
Vaido
Sintercast looking promisingSintercast is in an upward trend, confirmed by the support of the trend line. It looks like it will once again dip down to confirm the trend line support before another impulse. Will the next bounce be around 138,2 SEK? We'll see!
Looks like Pricer B will dip down before another impulsePricer B got a strong impulse above 24 SEK but has now been struggling to stay above that line. It looks like it is ready to dip down to the lower trend line (or perhaps bounce on one of the support lines) before another impulse can be expected.
Which way for Nobia?Nobia gapped up today, breaking its short-term bearish trend. However, the gap might close and time will tell if that means the stock will make another impulse or continue downward. Keep an eye out for 46-47 levels.
Will the impulse happen now?Zwipe has been consolidating above 9,7 for some time now. It broke the lower trend line from my previous TA, but more importantly: it is staying in the support zone gathering strength for an impulse that seems bound to happen unless momentum loss forces the stock down to 8,8 levels. If an impuls does happen, we should see a test of the 11,8 resistance and hopefully break through it.
Evolution Gaming had another impulse!In the beginning of this week I took a quick glance at EVO and noted that it was bound to hit the lower trend line which also correlated to a support zone. So I was quite confident an impulse was due and today it happened - it even pierced into the resistance zone which hopefully means it will reach a new high this week and continue its upward trend.
NOTE has recovered to pre-corona levelsNOTE broke through 53 SEK resistance, but dipped momentarily under 53 SEK again at the third test of that level as a support line. At the moment it is trying to establish itself above 53 SEK again and if successful, there's a good chance the next resistance will be tested at 63 SEK.
Pricer B consolidating above 24 SEKIt looks like Pricer B is attempting to consolidate above 24 SEK, which is pre-corona crash levels. If the consolidation is successful, goods things will follow!
ABB looking for buy entryABB is of interest because fundamental analysis says it could reach SEK 244,-
However, at the moment it doesn't seem to have enough power to break through the overhead resistance just yet.
On the 4h chart we have clear divergence between the price action and the RSI, AND we have declining volume. All indicators of a unsustainable trend. In the process it seems to be forming a bearish rising wedge as well.
So price should retest support below (190-193) and fill the gap at 196 in the process.
Then the longer term upward trendline will provide support as well, hopefully giving ABB enough power to break the resistance at the next try.
The trend is your friend until the endHi friends,
This might be a long opportunity on H&M, stop loss below uptrend channel :)
Trade safely!
