MILDEF - Take Your Seats Before the Flight🔍 Overview
- Current price: 218.6 SEK , down -1.00% for the day.
- The stock has been trading in a rising channel, but is now testing the lower boundary, indicating potential breakdown risk.
- The chart shows a weakening trend with bearish divergence and MACD crossover to the downside.
📐 Chart Structure & Price Action
🔸 Rising Channel (Bearish Bias if Broken)
- The stock had been respecting an upward-sloping channel.
- Currently sitting at channel support. A break below may trigger further downside toward 191 SEK .
📉 Bearish Divergence (MACD)
- While the price made a new high, the MACD failed to do so, indicating weakening momentum.
- The divergence was followed by a sharp drop.
🟪 Key Support Levels
- Around 204 SEK (EMA 100) and 166 SEK (EMA 200) are potential support zones.
📊 MACD Momentum
- Clear bearish crossover.
- Histogram moving deeper into negative territory = momentum shift to the downside.
- Correction for one week is highly potential.
📌 Notable Chart Labels
- “Not to miss the flight” label is for those who do not want to miss the upward move.
- “Good place to buy” and “Reduce average cost” suggest key support and buy zones in previous pullbacks.
⚠️ Strategic Notes
- Prefer partial trading, buy 1/3 with the opening.
- If price breaks below 215 SEK (support and EMA 50), further selloff toward 191 SEK is likely that will reduce average.
- If the channel holds, a bounce could occur, targeting the upper range ~ 280 SEK .
- If the channel does not hold, we will reduce average cost once more at 166 SEK . But in this case, we will also increase our target to 350 SEK .
