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scorpiris
Jan 10, 2024 1:34 PM

Royal Unibrew in a downtrend 

ROYAL UNIBREW A/SCSE

Description

Consider selling me down a bit to reduce risk or to set a stop loss.
The stock is in a downtrend from my April 23. Support around 440 and 400. Price momentum indicators predominantly on sell.
Short pos. 1.49% current, but were until 7.11.23 over 3% for a period (1). That might then indicate that the shorter don't think we're going much further down.
The falling price is related to disappointing results. Refers to Jyske Bank (2) in Danish.
Fundamentally, there is an overemphasis on purchases. Refers to Trading View and Yahoo Finance.

Remember you must do your own research and assessment before buying and selling.

(1) finanstilsynet.dk/Lovgivning/Information-om-udvalgte-tilsynsomraader/Short-selling/Offentliggjorte-positioner

(2) jyskebank.dk/wps/wcm/connect/jfo/47903433-75b5-4ff0-a6d8-6bbd6fd415c2/Danske+aktier+December+2023+(rigtig).pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE.Z18_P20418S0N05640Q0MBPDFT1PE7-47903433-75b5-4ff0-a6d8-6bbd6fd415c2-oOgFHY9
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