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alexinve

SAMPO: 35% participated by Finland

Long
SAMPO PLC A (OMXHEX:SAMPO)  
alexinve Updated   
OMXHEX:SAMPO   SAMPO PLC A
Trend Analysis Harmonic Patterns Beyond Technical Analysis SAMPO sampolong finland longtermtrading
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trendanalysis harmonicpatterns beyondta sampo sampolong finland longtermtrading
Sampo earnings results are due on Feb 11. H&S could be underway. Key support at 32.92, where I would say it would be a good moment to buy with the risk of losing 7.81% in the near term.
Comment:
Pretty bad earnings results may drag the price to first key support at 32.92.
2020 Profit -91% YoY
2020 EPS -96.5% YoY
RoE, % was 3.1% (12% from 2019)
Profit before taxes for 2020 decreased to EUR 380 million (1,541)
Comment:
One can also devise a future H&S coming after SAMPO approached the upper boundary of the bearish channel later last month (being the right shoulder quite flat or double).
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