Rana reached it´s peak in May which was it´s all time high. Note that the stock was noted a couple of months ago which makes technical analysis less predictable. However marked psychology still remains the same as it has ever been, and the analysis is therefore based on the Elliott wave theory.
The stock made a impulsive move in the period between March and May,...
BE aware for change in trend. EUR/NOK have good support at these levels. unexpected and noticeable weakning of NOK should lead to short -term correction.
I'm just doodling here.
Even if OPEC gets a deal with russia, the corona virus gets stable and so on. The economic consequence will still take time to recover from.
Bankrupt business dont automatically go back to 100% engine speed just because money printing is going, OPEC gets their deal, Corona virus goes away.
Like 2008, the bubble continued to deflate long...
Could totaly fail. But Sars executed a massive growth, govern money is flowing into the market, this could be the start of an epic run and even more spetacular collapse in a couple of years when everybood is tired of feeding the bubble.
