I Recommend SELLING !sell it will continue to decline next week
because the bigs traders decide to sell
TELO trade ideas
analysis and prediction of TELENOR ASAafter the trend range break the VWAP line and big volume apears it a sign to buy and take profit when the springbox candle shown again
Will TEL break the downward trend?A bit longer perspective. See clear downward trend with the current weekly view. Currently trading below both weekly and daily 50MA (W171.53, D156.55) and 200MA (W159.70, D170.85).
Broke previous support line on the 9th of March, bouncing back into the weekly trend (white lines). Will be looking for first checkpoint at break of daily resistance line at blue point. Will be interesting to see whether it can approach the daily resistance line from last top at the intersect with weekly resistance line in the longer time perspective. RSI chart good and high volume the last two-three weeks.
Currently no entry, but will be following this one. The long term support line from 2017 is set at 126.0. Will hopefully bounce back into better times as COVID-19 period is over.
Gladly looking for feedback as I am still learning.
TEL (Telenor) About to make new highsTEL (Telenor), Norway's biggest telecom company about to make a push to new highs.
On the 1H TEL just breached the level I wanted to see a small retracement from and is now finding support on it. We could either see a push up from where price is right now, or we could retrace down to the initial supply zone I had in mind.
Either way, I've still got resting orders in the 160.5 zone.
4H:
Telenor nearing buy zone Telenor is currently in a bearish trend, but it's nearing the area where one should look to buy.
We have two significant horisontal supports. The first @ 156.75, and the second at 150.45.
The logic game plan for me, is to place equal bids at the two levels. Making the potential average cost 153.6.
TP 1: 180
(TP 2: 190)
Oppgang i TelenorLigger for tiden i et litt underkjøpt marked og har en relativt lav pris. RSI ligger på 54,05, så dersom man kjøper i dag eller etter neste nedgang(neste uke) vil man være med på en oppgang som varer ca 1-2mnd.
Telenor - Quick 4,5%Closing in on ex dividende (03.05.2018) and getting recommendations from D_N_B_Markets today (Target 210).
Macd , RSI and Price all going upwards.
4,5% up within next week?
Go Long Once Resistance BreaksGo long with the ABC pattern once price closes above the resistance at 150.60.
