- Not 100 sure here about SwedBank. - Divergence on RSI. - Might need to go down to 188 ich, to test out support. - Might be looking for a entry att 188 and 50 EMA.
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Yeah, the Swedbank stock hit 188.25 before bouncing off in the box. It's unclear where the stock is heading now, but we'll watch to see which way it decides to break out of the box.
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Bingo! 🎯 The stock burst through our box, propelling upwards and closing solidly at 199,90. And here's a tidbit for you - considering the current state of the banking industry in Sweden, there's ample indication that this rally might not be over just yet. With sentiments like "rates higher for longer" permeating the market, we might be on the cusp of a more extensive bullish movement.