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.
We may see a support line at 1900~ but if it goes through we could be in for a ride and a correction of atleast -10%
Hi, BillerudKorsnäs AB (publ) provides fiber-based packaging materials and packaging solutions in Sweden and internationally. It operates through Packaging Paper, Consumer Board, and Corrugated Solutions segments. The Packaging Paper segment offers kraft and sack paper for industrial, medical equipment, and consumer sectors; and pulp. BillerudKorsnäs have...
ESSITY B on Stockholm exchange bear scenario. Has 3 gaps by now. My bear target is 260 by March 2020
Just some doodles but it's the basis of my decision to go bull on Veoneer VNE SDB on the Stockholm exchange. Right or wrong. Time will of course tell :p
Is the best food store in Sweden ready to change direction? I vote yes, perhaps after a period of crawl. The best season for ICA (consumer goods, retail, food) begins now. The yearly report is 2020-02-06. I expect it to show a strong Q4.
Even if the punishment for old sins turns out to be a hard one (we don't know and it may turn out to be less harsh), I expect a positive direction on Swedbank with a target of 150-ish by February 2020.
Bottoms show a resistance (blue, striped line). Red shows a bearish triangle forming. If coming true, target would be around 840-850 around the year 2020/21. Pink show's bearish target. Current uptrend (monthly) shown with Inside Pitchfork (started in beginning of 2009). There is also a chance we continue going up, but remember: What goes up also comes down....