Embracer LongStrong bounce after breaking previous low. I expected it to go even lower, but I think a jump up is in the cards now
0GFE trade ideas
EMBRACERThe stock EMBRACER is currently showing two key support and resistance lines on the chart. Based on my analysis, it appears that the stock is poised to test the resistance line. Therefore, I believe the stock has potential to rally up to the resistance line. This could serve as a target for traders looking to take advantage of potential upward momentum in EMBRACER.
Pattern Similarity with Low before ATHCopied the bars pattern from the Jan 2019 lows and scaled to match the current lows pattern. Targets line up with measured bull targets through 2025 should the stock break 30.5 SEK and head to ~39 and ~45.
This may become bearish again if 23.35 is lost, it could see 17.8 and then 15.5 instead
Head / ShouldersEmbracer confirmed a head and shoulders and broke its recent lows. It looks to be headed further down towards 17 and then 15 sek approximately.
Now, it is possible that we see a re-test of the neckline, which could provide some relief or even a possibility of getting out of lows here, but it would need to break and hold above that for that to occur.
A move down to 17 and 15, unless it reclaims 23.5Embracer could be forming a double bottom here, but it would need to get back above 23.5 first, where it has also confirmed a head and shoulders pattern targeting 17 and then 15.
Should it move back above 23.5, it would still need to get above 30-31 before a double bottom could be confirmed. Should that occur, it could target the area where it was prior to the May crash.
Triple BottomEmbracer may be forming a triple bottom here. Confirmation above the neckline, targets on the chart for 1x, 1.5x, and 2x measured moves up if confirmed.
embracerstruggle to get past ma50 now back at support and what could be trendline
might be a longshot but think its time to fill the gap
The stock is in a slightly fading trend supported by volumeEmbracer Group AB engages in publishing and developing video games for the global marke. The company has a broad portfolio.
Fundamental analysts have predominantly a positive view of the stock.
The stock is in a slightly fading trend supported by volume patterns, but after a brief break through the attic, MA may indicate a more flat development.
On volume balance OVB falling from 22 days back.
The price fluctuates in a REC. Break in relation to the REC or support around 72 and 77 or resistance around 84 will provide the direction at least in the short term.
RSI about 50.
Oscillators sell from one day to a month.
Considers the stock slightly negative for a medium long time.
Disclaimer: I have a position in the stock.
Remember you need do your own research and assessment before buying and selling.
Sources: Trading View and Yahoo Finance.
Note: A REC is a formation in which the price fluctuates between two lines that are not necessarily parallel.
Embracer - Breakout or Double/Triple TopEmbracer will either re-test its top or head down from here and do any one of the following:
if re-tests top:
1.) head back down to the bottom of the wedge around 220 sek
2.) break below the wedge forming a double or triple top and head down to 166 sek
3.) break above the top and continue up to the yellow line above it making a new all-time-high around 309 sek
if no re-test of top:
- option 1 or 2 only
Of note - Leaning towards bearish scenario here considering that the largest volume sell that has ever occurred was on the previous weekly candle, which also happened to be a rather small candle relative to its massive volume, though bullish is still possible with recent acquisitions.
Bullish divergenceAfter a retracement since early May, Embracer is seeing a nice bullish divergence on the daily charts combined with an oversold RSI and positive WaveTrend signals. I'm anticipating a reversal here.
Bullish butterfly on 4h. Trade SetupAfter countless months of upwards momentum OMXSTO:EMBRAC_B is ready for a small pullback. It fell out of the pennant. Looking like a really great buy at the PCZ of the harmonic with targets according to fib levels! Make sure to wait for earnings though before entering as that could destroy this setup! Good luck traders!
NOT FINANCIAL ADVICE!
A LONGER TERM LONGIts been a while since i posted anything here so i wanted this post to be something special.From a fundumental point (DCF) i see a good upside potential for this company.Now for the special part...
Embracer ownes a smaller company Coffee Stain Studios that is the publisher of Iron gate developers team .Have you heard of Valheim ?
Check it out if you havent.I think this small game has the potential to be a new PUBG or Fortnite.Some of its popularity potential is already baked in but i think its worth a shot.Now for the technical part since my strategy is a mix of fundumental with technical i think that entry should be after a pullback to 10 W EMA and when the MACD selling volume starts to fade .I will ride the trend as long as it lasts.
Not financial advice .Do your own research and good trading.
New breakthrough for EMBRACERAfter the lastest news we can see some momentum up towards new TP.
Please see graph.
I am long and bullish for EMBRACER.
Please like, comment and follow.
Best regards,
EMBRACER GROUP / SEK - 50% + Potential long tradeRecent news about a major acquisition, Gearbox Entertainment, and we've tested the top 3 times now and are heading up to re-test a break-through to an new all-time high.
venturebeat.com
EMBRAC - Could be a pattern seen before, bear trapCould be a good entry level with a SL around 162 if you have the guts
