No idea what is this stock but it is very technical. Clean impulse with an extended 5th in W3. Hidden bull and weekly RSI bull market support. There is a possibility that the bottom is in and that we are still within subwave III.
We broke the opposing GZ short and are now sitting on the GZ long. Nice iH&S pattern. 4H RSI bull div with a double bottom.
Please...
After analyzing the Swedish stock market index, I noticed that values of telecommunications, network and banking companies started to depreciate.
There is a large volume on each of them so a price drop on OMX index is possible.
Companies such as SWEDBANK A, ERICSSON B, SV. HANDELSBANKEN A, TELIA COMPANY have been losing value for many months.
Melt up is here just like in 99/01, only question is for how long can it go on?
I see in best case we go to 2300 (~7%), but you never know may as well end in disaster next week, or even blow pass 2300.
Be careful out there, i'm starting to cut down on positions from here.
Following the trend since mid july. OMX has now hit it's ATH while simultaneously hitting top of the long trend. This suggests going short for 2 weeks. Any thoughts?
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.
