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.
