ERIC - probable target at 8,44Ericsson seems to be tracing the last wave of an upward correction that would complete minor C wave. After this it should turn down in another good move down. Follow SKYLINEPRO TO GET UPDATES.
0IID trade ideas
ERIC BBe free to continue bear until 63 SEKs...
Once at near 63, most probably will enter a boring range for some time to stabilize the price.
The trading is SO SO SO easy... SELLING NOW and CLOSE ALL @63
ERIC_B: Looking for a way upEricsson seems to be have hit a support, stepped in at 76,700. If the candle closes below support today I will set a stoploss at ~75 SEK
ERIC B is following the plansAs expected it is going up... be ready for selling in the coming next days when is coming back to downtrend.
ERIC B Attention but wait!it is still supporting the channel and over the super high important level of 80 SEKs.
ERIC B in rangeWait to came back to 89 SEK to selling or wait for a possible breakout to major levels (so risky today).
ERIC-B: I don't believe in this breakout for longs.macd and stock are not aligned with this breakout!
Critical Momentum for ERICSSON sharesWe are in a critical point.
If price breaks the 82 SEK we will have more LONGs movements
if not, the price to continue to go down.
Ericsson Completes Acquisition of Kathrein. Ericsson ERIC announced that it has completed the acquisition of the antenna and filter division of Kathrein. Headquartered in Rosenheim, Germany, the acquiree is a leading provider of antenna and filter technologies worldwide. The parties had agreed to keep the purchase price undisclosed.
On Feb 25, 2019, the Swedish telecom equipment maker communicated its intention to buy Kathrein’s antenna and filter business. The company remains on track to provide its customers with a broadened Ericsson Radio System. In addition to enhancing its portfolio of antenna and filter products, the buyout will bring crucial competence required to evolve radio access products.
With more focus on the antenna and filter business, Ericsson plans to expand its offering to further optimize site space, which is important for the introduction of 5G. The company has purchased an organization focusing on R&D, production and sales, based in more than 20 locations including Germany, Romania, the United States, Mexico and China.
With most of the professionals based in Europe, Ericsson has complemented its strong R&D base across 21 locations on the continent. The acquired business is now added as a separate unit in Business Area Networks and is going to be reported in Segment Networks, with an expected positive contribution to 2020 profitability targets.
Ericsson continues to execute its strategy and is well on track to achieve its 2020 financial goals. The company is investing in its comprehensive 5G-ready portfolio to enable communication service provider’s seamless migration to 5G technology. Its investments in R&D over the past years have secured a competitive and industry-leading offering. Artificial intelligence and automation remain key enablers for its future business development, creating customer and shareholder value.
Ericsson has been focusing on 5G system development and has undertaken several notable endeavors to position itself for market leadership. The growth in 5G subscriptions is estimated to be the fastest in North America with 63% of projected mobile subscriptions within the next five years, followed by North East Asia with 47% and Europe with 40%.
As 5G devices increasingly become available and more 5G networks go live, more than 10 million subscriptions are estimated globally by the end of 2019. Ericsson has been working with operators to help in their network modernization, while optimizing on plenty of opportunities.
Ericsson’s shares have lost 12.2% against the industry’s growth of 11.9% in the year-to-date period. Favorable industry trends are likely to boost its long-term growth and profitability.
Source ZACKs RESEARCH
ERIC Found supportERIC along with a lot of stocks bounced off of support this morning. Earnings 10/17, going with $7 calls since there's almost no premium. I expect big movement on earnings, $1 in either direction.
ERIC overextensionFirst target 9, second 9.40. Major horizontal support. BB weekly pierce and abandoned baby daily
ERIC UpdateEarnings more or less in line with expectations so it got punished, lol.
Snagging couple thousand shares for my 401k here under $9.5, expect it to head back to $10 area within a couple of weeks.
ERIC earnings trend is very bullishEricsson earnings trend has been growing on earnings since Q1 of 2018. (check chart for more info.)
We also received the following news today (07/15/2019 by MT Newswires :
-- Verizon Communications (VZ) and Ericsson (ERIC) said on Monday they have introduced cloud native, container based technology on the core of Verizon's network in a trial, the first deployment in a live network environment that will enable deployment at scale for new services in 4G and 5G.
"By evolving our core network past simply using virtualized machines and instead changing our underlying software architecture to run on cloud-native technology, we are able to achieve new levels of operational automation, flexibility and adaptability," said Bill Stone, vice president of Technology Development and Planning for Verizon.
ERIC Range boundERIC has some range bound trading going on.... looks like it should gap down Monday.
If it gaps down and Trump doesn't do anything stupid over the weekend, then I'm throwing some in my 401k. Not buying crap that's topped out like FAANG stocks.
ERIC with violation of the ruleWrite sometning about your psyhology thinking before trade? This is a sunday and a good day for trading because I have plenty of time
Describe the trade. What you see? Price will go up to the upper part of the trading channal
What have I done well for this trade? enter point was appropriate
What can I take away to help with later trades? that if you don't have appropriate stop loss level do not play
$ERIC Huawei's pain will be Ericsson's gain in 5G dramaDespite the drama that has unfolded with the banning of Huawei from the USA network, ERICISSON was already on a bull run. ERIC and its competitors like Nokia have been undercut by the Chinese government subsidized Huawei, but that may all be about to change. Not alone is the USA banning Huawei but they are encouraging its allies to do the same, it is just one more piece or ammunition in Trumps trade War. Keep this stock on your watch-list as it may well be a enormous benefactor of Trumps strategy.
Company Description
Telefonaktiebolaget LM Ericsson engages in the provision of telecommunications equipment and related services to mobile and fixed network operators. It operates through the following segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment supports all radio-access technologies and offer hardware, software and related services for both radio access and transport. The Digital Services segment provides software and services in the areas of digital business support systems, operational support systems, cloud communication, cloud core, and cloud infrastructure. The Managed Services segment includes networks and information technology managed services, network design and optimization, and application development and maintenance. The Emerging Business and Other segment encompasses emerging business, Iconectiv, MediaKind, Red Bee Media, and Media Solutions
ERIC wants a bounceOversold and at support
Could be heading for a H&S setup or double top, looking at $9.8 target. 5G is going to happen, with or without China.
ERIC: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
ERICSSON ShortTrading in Horizontal Channel
rejected multiple times
Short position
Tight Stop loss (1%) with a short position off of the rejection.
