Navigating for a potential ABC correction phase over the next days/weeks before heading north in the fall? Looking at today's close followed by tomorrow for a potential bearish reversal pattern.
The price has moved into the 1630 zone where I'm looking for a potential cool-down.
OMXS30 might have some percent upside, but the market is starting to show weakness. This recession is just starting. Here is a shorting idea.
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...
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...
THIS IS MY VIEW OF IT. Counted the waves by the elliot principle and got this results. the bull move isn't over yet if you ask me. GOOD LUCK, THIS IS NOT AN INVESTMENT ADVICE
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. Please leave a comment THIS IS NOT AN INVESTING ADVICE.
Momentum has turned bearish on many fronts. Bearish trend pressure coming from above. Currently hovering in a decision zone. Indicators: Weiss, Macd, EMA DYOR
Everything is explained on the chart, no further explanation needed
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.
Possible trend change in Atlas Copco as you can see at the bullish divergence in MACD and RSI. But it depends much on the company’s future and for Atlas Copco that is hard to predict.