SAMPO short
...On weeklies we have long rising trend from March 2020.. Now retesting November 2020 Highs / wick imbalance.
On hourly we are trying to form H&S on top of the previously mentioned wick imbalance
SAMPO trade ideas
SAMPO: 35% participated by FinlandSampo earnings results are due on Feb 11. H&S could be underway. Key support at 32.92, where I would say it would be a good moment to buy with the risk of losing 7.81% in the near term.
Sampo Analyst recomm 38EurSampo Analyst recomm 38Eur
buy 34-35eur
It was 33EUR in Dec, so it has been upward (see blue channel)
- downtrend reversed ? (black line)
- high from spring 2020: 42 EUR (black dotted line)
- bottom from Apr2020: 22-23 EUR (black dotted line)
Note
- Earnings mid-February
- potential sell of Nordea shares (dragging earnings) summertime
- one of the top traded shares in OMX
- fin. government owns 7-8% of shares
- fin. insurance companies own 5% of shares
