Let's take a look at the exiting SANION graph!
As we have broken through —1st phase— consolidation and after it has been retested, I believe that we’ll start to see new higher-highs and higher-lows.
What would be healthy for SANION is if it would rise in a comfortable pace, and not in a euphoric run to the hill tops as it did a few months ago!
Index is up almost 23% since the bottom bounce a few weeks ago, and it's still below Fib 50% (1580) and EMA50 which, in my view, is still negative although we are trending above EMA20 - possibly positive in the long term.
On 20 April, OMX formed a hanging man that was confirmed with another red close on 21 April. As long as we don't make a new high, I'm looking...
Hey guys, as you see we see a long term chart. we are on the last wave 5 for a top at 2020 around 1870. Then we should see an retrace back to 1364.
This is my long term analysis of OMX30.
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THIS IS NOT AN INVESTING ADVICE.
This is the beginning of the end for the Estonian stock market as the economical indicators are at the same levels in the country as in 2008 in terms of employment, unemployment, vacancies and all the other good things. Not only that but the market is in heavy correlation to our American friends whom are on their way down in to the dumpster.
Here is an analysis...
Lundin Petroleum spiked up today with a nice bullish runway gap, proving there is more to expect.
The stock is trading well over both MA50 and MA200.
Close to oversold but a first target would be gap close from february 2013 @ 164.
Hennes & Mauritz looks ready for a change in trend.
We're about to close the gap from september 2013 at 250.60. With RSI on the lower range and previous structure as support we're looking at a good risk/reward to go long at gap close.