Bull, Handelsbanken (SHB B)Broke out from long downtrending channel this new year. Long-term is bull (not only MACD). Middle-term bull from outbreak. Short-term looks good, held upward trend bottom, bullish hammer and great risk reward right now for a fast trade. Stars alined and easy 8%. Good R/R. Gonna do a bull certificate x5 so smaller position but 40%profit. Stock is a good buy fundamentally as well, stable earnings and cheap.
Entry 103,5. Exit 111,9. Stoploss 101,5. Bull.
SHB_B trade ideas
Svenska Handelsbanken - Long position**Positive quarterly report Q1**
**Trading above MA200**
**RSI entry signal**
**Good candle response today, seller momentum declining**
TP:
**Close above MA5**
**SL: Close above MA5 / 10% max drawdown**
**Apply Fibonacci extensions to maximize exits and increase profit-taking**
Ill keep updating the trade...
Cheers