A can confirm the channel play occuring and a slight can give indication on a rally soon.
Three tests of support and vertical support from a major . The is down almost 70 %. It's not going to stay like this for long.
Buy levels have been around 5€ and I think a 30-40% gain is plausible. This major followed by a rally is an exciting idea that could take us even further. Unfortunately the company has been surrounded by some bad news and the sentiment is . The banks give Outokumpu a low security value.
A safer buy is at a confirmation above the red line. I'm overall short-term speculating on this. The OMXH index does not look very promising right now so it will be a tough climb.