Looking at the overall picture there is plenty to be excited about;
- Fundamentals give a target of SEK 24.
- There is a huge gap overhead from roughly 15 to 24.60.
- We found clear support on the 9.4-9.8 area.
However we've just arrived at a pretty significant area of resistance. Both a horizontal support/resistance area and the 50MA.
So ideally I want both these turned into support before looking for a (additional) buy entry.
- Fundamentals give a target of SEK 24.
- There is a huge gap overhead from roughly 15 to 24.60.
- We found clear support on the 9.4-9.8 area.
However we've just arrived at a pretty significant area of resistance. Both a horizontal support/resistance area and the 50MA.
So ideally I want both these turned into support before looking for a (additional) buy entry.
