ATCO_A Stock Analysis(Sweden)I have analyzed Atco_A Swedish stock and found that it at crucial junction. Although it is in downtrend. But if it will close below 163 then it go till 140. Stop loss will be 173(Max 176).
0XXT trade ideas
BUY ATCO_AOn ATCO_A, you can see that it started going higher and higher, again after the brake it did after swipping the liquidity at 170.65, to give us a confirmation of the bullish movement.
Now for those who bought, you can watch how the price reacts in every levels in between the 1st and the 3rd target before reaching the main one which is at 220.3.
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Atlas Copco AB: Potential Entry Points in a Long-term UptrendOMXSTO:ATCO_A has demonstrated a long-term uptrend throughout its history, marked by two strong channels, with higher highs and higher lows.
Since the Ukraine-Russian market crash, OMXSTO:ATCO_A has experienced a 100% increase. Currently, the stock is at the resistance channel, which has resulted in a notable downward reaction:
During the strong uptrend, previous resistance levels, where the price peaked, turned into support levels when the stock experienced pullbacks. Now, as the stock returns to these crucial levels, they may serve as key support, potentially causing the stock to struggle to break below them or to rebound and rise further.
I anticipate that the stock will gradually break through each of these key levels, eventually approaching the lower trendline before launching into a significant bull run. This scenario presents a promising opportunity for a long position, but we need additional bullish confirmation at these levels before making a move.
Important levels: 150 SEK, 140 SEk, 120 SEK, 100 SEK
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