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Lucara Diamond Corp (LUC) to continue fall along 2016 trend lineThe price of Lucara Diamond Crop (LUC) has been falling since 2016 along the trend line included in the chart. Recently, the stock price retracted upward towards the trend line which provides a good opportunity to enter a short position. The first good target price would be the 78 percent fibonacci retracement (from the june low to june high) at 3.385 (SEK). Should the price fall further, the second good target price would be the recent support areas around 3 SEK. The stop loss is set just above the trend line at 4.905 since the price as the trend has never been broken. A key date for this trade is the earnings report in 30 july which you should look out for. Lucara Diamond Corp can be traded at multiple exchanges in case the Swedish exchange is not accessible to you.
OMXSTO:LUCShort
by UnknownUnicorn3806802
Vicore potential bullish setup, target 134%The fundamental outlook for Vicore is extremely bullish with a target of SEK 41,-. So I've been looking at a good entry for quite a while now. After the most recent rejection at around SEK 20,-, VICO seems to be finding support on the weekly chart. Both the 200 MA (thick black line) and a horizontal support area are credit to that. The black arrow, creating a descending triangle on the support area is our tell tale. If this is a retest of the new found support then the price should break this black trend line upwards, providing a buy signal and the platform to test the SEK 20,- resistance once again. If however the support around SEK 17,15-17,30 breaks we need to go and find a new entry opportunity.
OMXSTO:VICOLong
by duco1
Ericsson, looking for a buying opportunity So looking on the monthly chart we see that despite covid, Ericsson nicely held it's long term upward trendline. Furthermore, it broke through some pretty tough resistance with a big green candle this month. All great signals for a continued long term upward trend. So what do I want to see for a good buying opportunity? - A retest of the horizontal resistance now turned support. (orange arrows) - Possibly with another touch on the blue trendline. (orange arrows) - Then on the lower timeframes a bullish candle pattern to confirm support at the mentioned support area. NB. There is a gap still at 87.65, let's see if this might come into play.
OMXSTO:ERIC_B
by duco1
Why you don't panic sellPricer B was on a strong stride upward, ready to establish itself above 25 SEK and then what happened? They released their financial report with some numbers that the market reacted negatively too. But Pricer B is fundamentally a strong company which was inevitably affected by COVID-19. The market saw the panic selling as a buying opportunity and the stock is once again on a stride to defeat 25 SEK. Lesson here is: even if an upward trend line is broken by bad news, you have to take fundamentals into consideration. Do you still believe in the company? Then buy more in the dip. If you only trade on technical analysis, then you might consider selling, but even in this case it's important to look at more than just trend lines. For example, Pricer B was quickly oversold and bounced right back to the MA50 line, which acted as a support for an additional impulse up to where we started before the financial report.
OMXSTO:PRIC_BLong
by minuskontot
Lundin Gold INC to test 89 SEK resistance in 2020?Supported by higher gold prices I am beginning to believe that Lundin Gold Inc (LUG) will retest the resistance at 89 SEK within 2020. A new trend seems to be forming based on the June low and recent July low. I am placing my stop loss below the June low at 73 SEK. This is well below the new trend, leaving plenty of room for price variation. Lundin gold, being a gold producer is obviously highly correlated with the price of gold. Initial price target is 89 SEK but subject to revision should the price of gold stabilize itself above 1800 USD per ounce.
OMXSTO:LUGLong
by UnknownUnicorn3806802