AMBU still going sown.Just wanted to make a fast update, but like 98 % of the rest of the market we are
in an downtrend.
They positive can be that its starting or started to look good on some signal on the lower timeframes, but the last couple of days have ruied that.
So as i see it , its still just a hold IF your holding or and wait if you want in, but we all trade deff , so remember your own reseach.
AMBU_B trade ideas
Watch for break of resistance level at 230 DKK in AMBU AMBU has taken a break since april 2020 after a very nice rally in 2020 due to hospitals mass buy of AMBU's respiratory equipment. The trend is still up and if it can break 230 DKK the next days/weeks, it would signal further increase in the stock price. Maybe all the way to the top of the trend channel at 330 DKK
AMBU A/S ''long position''SWING TRADE
Position: long ''counter trend''
Entry: 99.30
Target: 117.00
Stop Loss: 95.30
Position open: 16/08-2019
Reason for entry: ABC pull back on lower time frame (Trading the bullish C-Wave) as price action and overall trend on higher time frame is bearish... Let's see how the trade rolles out...
Link:
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Bottom fishing A bottom might soon be in. We are currently floating around the support level of 102. Accumulation phase would be around 92-102, a break of 92 could mean that we would see level of 65.
The delta volume shows decreasing selling pressure, which could suggest that a possible turn around could happen anytime and short sellers might is looking for buying back their shares.
The short intrest is at 4,65% of shares outstanding. which will help squeeze the prize out of the downtrend when they are closing their positions.
A turn around can be confirmed when price closes above 9EMA/110 with volume and positive delta.
This is intended for educational purposes and not a recommendation or trading advice
Ambu ready for the next slip?
My last guess on Ambu was incorrect, but i still believe we're are heading down even further.
The movement from the top was just too quick, suggesting extreme overbought, for the correction to be over in one quick move.
I believe we are seeing a big abc correction, and that we have now seen the top of the wave 2, I see it as "confirmed" as the quarter reporting made a major move to fib level, where it got hammered down from the next day.
Wave 2 have then moved between to fib levels seen overall on ambu lifespan.
I am not going to touch this with a ten foot pole before it is at least some degree below 100 dkk, preferably around 75.
Happy trading.
This is just my guess, see it as another perspective compared to your own.
Ambu ready for the next slip?My last guess on Ambu was incorrect, but i still believe we're are heading down even further.
The movement from the top was just too quick, suggesting extreme overbought, for the correction to be over in one quick move.
I believe we are seeing a big abc correction, and that we have now seen the top of the wave 2, I see it as "confirmed" as the quarter reporting made a major move to fib level, where it got hammered down from the next day.
Wave 2 have then moved between to fib levels seen overall on ambu lifespan.
I am not going to touch this with a ten foot pole before it is at least some degree below 100 dkk, preferably around 75.
Happy trading.
This is just my guess, see it as another perspective compared to your own.
Mapping what I'm seeing - For self education in the futureI've tracked this stock for quite some time, as a friend of mine has it.
The correction was expected when the uptrend broke, but I'm unsure of the direction at this given point, so I'm trying myself out, so lets see if it's a hit or a miss.
There are two "ideas" .
I positive in the long run, but I do believe this has been going too fast, and the correction is due..
I like the trend being more near the previous trend seen in the bottom.
Happy trading