Yes, Ericsson has been facing a long period of challenges but I believe that the future is bright for the company at least based on the chart I see. Some fundamental data looks fairly good as well e.g. EPS, book value, dividends meanwhile debt is predicted to rise, CAPEX too ... just some numbers for background information.
The chart however, is rather beautiful if you ask me. Clearly an impulse for the (blue 1) followed by many overlapping waves indicating corrective price action.
Lately, we have gotten 3 higher lows, bounce of trend line and nice reactions to important fib levels.
I predict at least 10-20% upside in the near future and if we are extremely lucky over the next years we might see up to 300-400% increase which is the moderate target assuming that the move to the upside is only corrective.
Stop loss = 65.44
The chart however, is rather beautiful if you ask me. Clearly an impulse for the (blue 1) followed by many overlapping waves indicating corrective price action.
Lately, we have gotten 3 higher lows, bounce of trend line and nice reactions to important fib levels.
I predict at least 10-20% upside in the near future and if we are extremely lucky over the next years we might see up to 300-400% increase which is the moderate target assuming that the move to the upside is only corrective.
Stop loss = 65.44
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.