The price of Lucara Diamond Crop (LUC) has been falling since 2016 along the trend line included in the chart. Recently, the stock price retracted upward towards the trend line which provides a good opportunity to enter a short position. The first good target price would be the 78 percent fibonacci retracement (from the june low to june high) at 3.385 (SEK)....
The SEK comes from weak valuations compared to other
currencies, mostly because of the negative interest rate
policy of Swedens reserve bank, the Riksbank.
The zero percent interest rate policy has been considered a failed policy and is therefore not very likely to be revisited by the Riksbank. Simultanously, weaker member nations within the European union...
Storebrands operates in banking, asset management and insurance.
The insurance segment has filled up its coffers according to the solvency II regulation, meaning there should be plentiful of cash accessible in the future for dividends which should interest investors looking for good cash flow and dividends.
The trade is not a super exciting trade but feels...
MOWI ASA (MOWI) is the world's largest producer of Atlantic salmon with operations in Canada, Chile and Europe. Being a salmon producer, the company is highly sensitive to the price of salmon. The price of salmon has been decreasing in 2020 and now trades at circa 5.15 euros per kilogram of salmon. The suppressed salmon price should affect revenues negatively...
Supported by higher gold prices I am beginning to believe that Lundin Gold Inc (LUG) will retest the resistance at 89 SEK within 2020.
A new trend seems to be forming based on the June low and recent July low.
I am placing my stop loss below the June low at 73 SEK. This is well below the new trend, leaving plenty of room for price variation.
Lundin gold,...
