GOMX Breakout on 4 h - Confirmed GOMX just got a confirmed breakout on 4 h chart. We got an "inverse emprire" and "green candle reversal" on price action as well as a double divergence on the MACD .
Breakout on [GOMX] - unconfirmedGOMspace seems due for a another breakout. We just hit an extended FIB move to 1.2, stochastic seems ready to cross.... I am expecting a breakout (unconfirmed)! Keep your stop loss tight and remember to take profit.
Different scenariosI think this graphs shows the situation which we are in. I originally thought that the fifth wave was over warlier when we hit just over the 1.618 making it the perfect fib ratio. However, the last wave up surprised me. So I considered that maybe we witnessed a b wave correction inside the ABC whih goes over the previoues wave up. However the scenario wasn't convincing. So I assumed we are in the fifth wave up.
Another scenario I analysed was foe another wave up remaing in the fifth wave, however looking at the RSI level divergence that seemed less likely too.
Therefore, my current theory is that we have now wtnessed a complete wave up, and the wave A in the correction. Therefore the play i suggest is to wait for the completion of wave B, and then short the stock for the Wave C
GAP in G5 The trend is negative and I don't think the trend will reverse until the gap is filled. There is a gap around 250 but I don't think it will be filled because the backside of the gap is very close to the gap.
#TRADE 1 - Bakkafrost, positive trendlineIt's Christmas time and that mean high salmon prices. Furthermore we have a nice positive trendline which indicates a stabile industry in these highly volatile times.
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Nordea near i support areaNordea has fallen a bit in the past one reason is that they have moved their HQ to Helsinki witch the stockholders don't seem to like.
1 month take on HMI currently see HM and being pretty bullish, it seems to be dusting off the big downward trend.
Happy trading
Clas ohlson ABC trend reversal If Clas ohlson get a lower high it could be interesting to trade in a short term. I think you could buy the stock when/ if it bounces on the support line.
Intrum in a trangle Intrum is in a triangle pattern and it's very interesting! The target can be found at recent resistance areas, and that level can be found by measuring the size of the triangle. I would enter this position when we get a close on ether side of the triangle.
HM making a dive to the south.H&M broke out of the bearish triangle. Entry on breakout, stoploss inside triangle. Low risk high reward.
Kinnevik, end of the big fallKinnevik has been in a bear market the past 5 months. They are now at at support and resistance area where they will bounce and enter a bull market again. We can now se a huge divergence between the price and MACD. I think we can enter with small positions now, and when we see a ABC pattern we can enter with a bigger position.
G5 Entertainment (G5EN.ST - NASDAQ OMX) - Bullish signalG5 Games / Entertainment (G5EN.ST) is a very interesting company developing and publishing free-to-play games for both smartphones and tablets. It's among one of the fastest growing companies in its segment and have shown outstanding results over the past few years. Despite many believe that it is a very volatile asset, it follows the principles of technical analysis very well, which has made it a very popular and profitable asset for trading even among some of the biggest banks and financial institutes.
G5EN's most recent high at 594.5 SEK on 30 May, was followed by a quick sell-off to take profit plunging the stock price by 1 Fib level (Fib expansion) to about 400 SEK. The company's yet another strong report (Q2) on 27 July catapulted its stock price back high to 50% fib level at about 500 SEK. The sell-off however was continued as the consensus view was a weaker third quarter for G5 (considering the warmer summer weather encourages more outdoors activities) resulting in a lower revenue and EBIT for the company. At the same time, the most recent weaknesses for the stock market in general, and in particular a very bad October for OMXS30 index during, did not help G5 investor's either as the price continued to break below the support levels one after another. In their most recent report released on 6 November, G5 Entertainment wasn't able to beat the analysts expectations as their revenue was lower than the last quarter's revenue due to the seasonality and their EBIT was lower due to their higher marketing and user acquisition costs. So the stock's price plunged by more than 25% in one day and by 35% over a period of 3 consecutive days to as low as 180.7 SEK.
On the other hand, Q4 and Q1 are usually their best quarters, and the market is already aware of the effect of the holidays' season on the company's sales and profitability. The latter, together with a technical analysis showing a resistance and bounce off the 2.272 Fib level (180.7 SEK), a bullish doji star candlestick pattern (and more confirmations by the secondary indicators) all and all added to an insider's buying 2500 shares (0.5 MSEK) give strong bullish signal.
Disclaimer: Trading can be highly risky leading to the loss of your capital. The material published here is purely my personal understanding and view of the G5 Games business and their stock's chart.
TOBII in a very strong support areaTobii has fallen a lot recently. They are now very close to ATL. I see a very strong potential for this stock to rise to the top of the triangle formation. If the stock price goes through any of the lines this will be a closed case.
JM AB: Deja Vue...Q3 Earnings vs. Q2 Earnings... After sale of shares ROE is better than on first sight. Expect a similar short squeeze.
JM: Back to an old recommendation LONGCurrently 7.5 % Div.Yield... From the Wykhoff view during the year a really huuuuuge cause developed with a target above 360.
