Breakout from cup completionComing off the bear market rally the stock has corrected 50% while the broad market corrected 29%.
End of downtrend confirmation.
Possibility to go long if tennis ball action persists during pull back.
MATAS trade ideas
Matas still on track towards 76 DKK and breakout of down channelMatas has now broken out of its downward channel but on low volume. I am still holding my position from 53 DKK and keeping an eye on the resistance area of 76 DKK. If the stock price fail to rise through 76 DKK I will sell my position.
Likely continued upside in Matas during next weeks (and years)Matas might be about to break its down trend if it can move up through the top of the down trend channel at 63 DKK during the next few weeks. If it can, the next price target would be the top of the trading range 76 DKK. A further break through 76 DKK would indicate a new strong up trend.
MATAS følger stabilt møster i uptrend kanalKunne godt forestille mig, at den lige skal længere ned i trendkanal inden KØB
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Matas OMX NORDIC buy at bottomAs long as Matas stays in the trend channel dont buy. When it raises and leaves the channel buy.
