OMXC25 - Hopefully not lower than this!I was hoping for a bottom just above 1700.. Didn't turn out that way. This area was my next target. Seems optimistic at the moment though :/
OMXC25 trade ideas
Strong support in danish marketThe market has been trading sideways for a while.
The last price action shows
"It took 160 days to fall 16%, but only 80 days to recover" - which means there is a positive momentum in the market.
Following that, the market is trading sideways, so you can expect to see positive momentum soon.
Due to covid and longer lead times a lot of companies have swollen inventories, so the performance of upcoming financial results may look weak, but if the market rallies up it will indicate the positive momentum overall.
THIS IS THE POINT OF LEAST RESISTANCE FOR THE MARKET TO MAKEUP OR DOWNWARD MOVE AND CONTINUE IN THAT DIRECTION.
OMX C25 potential bullish trendThe OMX C25 shares had a very good bullish trend from the beginning of COVID-recession. Now the shares just finished a shoulder head shoulder bullish formation and is now testing at the support level. Now it is very possible that the shares are going to raise and reach the resistance level. Therefore we now could get a potential bullish trend where it can raise 16% over the next few months (give & take). So now is a good time to invest int this share if you are looking for a short-term investing but also a good time for a long-term.
OMX C25 Bullish-analysis Inflation lossThe fall in the Danish index has reflected the Corona crisis and inflation.
However, inflation is loosening, say many economists and financial houses, which have provided many happy investors.
Over the next six months, I believe that we will see positive fluctuations in the international index S&P, which is very reciprocal with the Danish index. Through this I have illustrated an analysis which indicates the waves the index will follow, indicated on the drawing above. However, it will still be a long time before we approach an all-time-new-high, but we must be patient.
OMXC25 Daily TimeframeSNIPER STRATEGY
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Long Long long I think as it shows, if we break down to the red field, sell everything, and wait for the rise :)
