The charts are suggesting caution. On the above 10-day chart:
1) Double top in price. 2) Regular bearish divergence. The higher the timeframe you look the more ugly this divergence is.
Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation.
There were some tell-tell signs before the collapses of Silicon Valley and Signature Banks. (No one in Europe heard of those banks!) They were:
1) Strong bond market exposure. AND 2) Same TA as above.
“OmaSp has been active in the bond market since 2013” says their website. Very true..
Until recently you could get the information on their Bond market exposure.. You click on the WebPage today and you get:
@TradingView, imagine giving away coins to someone that is sharing a failed speculation. I should start doing that too as it's clearly rewarded.
mydigitalvehicle
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The company's numbers look very good. Don't get me wrong but their books and performance still look healthy? When you scroll a bit down you can see a multiyear overview..;
@sultanrich, Bankrupt, 90% correction, state intervention, game over.
sultanrich
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@without_worries, I can tell you this much, based on the chart, you will never see such "collapse". But if you're basing this on fundamentals, then thats a different story. Im no fundamental trader/investor, but it's really hard for me to believe a European country bank would be running the shady operations as in America, especially Finland. Good luck with this trade tho, and when it fails, maybe consider refunding your patreonists.
without_worries
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@sultanrich, This is a public only idea not shared anywhere else. Indeed as indicated on this idea it is neither short nor long. Furthermore there is much more happening on the TA as alluded here, many times in the past has WW ideas forecast 90% corrections... Perhaps one day you too will become funder of cause ;)