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Novo Nordisk: Analyzing a Potential Pullback and Key levelsLong-Term Overview (3M Timeframe) Looking at the 3-month timeframe, we can observe that OMXCOP:NOVO_B has maintained a consistent bullish trend channel since 1990, characterized by higher highs and higher lows. Medium-Term Analysis (1M Timeframe) On the one-month timeframe, since the last significant pullback in 2016, OMXCOP:NOVO_B has surged by approximately 1000%. Recently, the stock touched the upper resistance trend line and then experienced a sharp downward move, suggesting an impending pullback, which could be followed by another significant bullish run. Key Levels (1W Timeframe) Focusing on the one-week timeframe, we can identify crucial levels at 590 DKK, 735 DKK, and 930 DKK. Historically, these levels have acted as key resistance and support zones, making them critical areas to watch moving forward. Fibonacci Analysis Using Fibonacci retracement, the stock has respected the 0.236 level, reinforcing the validity of these levels as potential reversal points during the pullback. The relevant Fibonacci levels to monitor are 810 DKK, 670 DKK, and 560 DKK. Outlook and Strategy Given the recent price action, I anticipate that OMXCOP:NOVO_B may form a reversal pattern, such as a double top or head and shoulders, leading to a more pronounced pullback. This pullback could have a reversal at one of the identified key levels or the lower support line within the long-term bullish trend channel. How to Capitalize: To capitalize on this potential move, consider monitoring smaller timeframes for signs that the pullback is concluding at the key levels. Once you identify such signals, a strategic entry could be made, with a stop loss placed just below the key support level to minimize risk.
OMXCOP:NOVO_BLong
by Tallblomma
Maersk daily pitchfork bottomSo many touches and measured moves fitting in this pitchfork makes me believe it might stay important. Maersk could be hitting the bottom line from the minor pitchfork and the bigger one at the same time, which is in the area of the "flip" zone and right shoulder of a possible inverted SHS. This would end up being a swing down of approximately 3300 DKK and Maersk swing sizes often range from 2700 to 3700 DKK. We have a range (possible accumulation) on the weekly chart with price expansion, so I wouldn't be surprised if it goes lower. If that ends up being the case, I'll go long when price break above the zone again. We might also be "close" to the end of the bearish cycle judging from the last two full cycles on the monthly chart, but that is a rough estimate and it could stay bearish for another couple of years. I'll properly go in gradually and watch how price/volume evolves in this area. There's some old important lines coming in a bit lower, so I won't be having a fixed stop from the get go. I'd rather go in small and buy more from lower time frame setups. No mather what, I'm pretty keen on building a long term position down here.
OMXCOP:MAERSK_BLong
by BaliShag
You can buy it here.. Its fineOMXCOP:VWS Recent pullback is a fine buying opportunity. Maybe we bottomed and break the downtrend now, Maybe we have a leg lower to ~120 - a chance to back up the truck. In any case this one will AT LEAST double in value over the next 3 years. Europe will make a lot of windmills in the next 3 years, it is vital for the future of European energy independence, so if you believe there is a future - then this is a good company to build a position in this winter. Cheers.
OMXCOP:VWSLong
by PotatoJuice99
4
Good quality stock which has completed technical set upTechnicals The stock has corrected from covid market rally Pre covid, the stock used to trade at higher PE, which is expected from good quality stock with max historical PE ( pre covid) in the range of 70-80 Currently the stock is at PE of 56, which shows good upward potential. A contraction in price volatility is observed along with contaction in volume. In the final move, you can see price is tightening even further, and trend is almost horizontal , which shows good support. OMX25 market is starting to lift as well. The stock, even though a good quality one - rises and falls with market. So, I would not call it leader, but more of an influencer. So, keep an eye on market move However, no shakeouts has been observed yet. so be careful before taking the big positions. Remember, the key is to be "the last weak buyer" , so your stop losses are not triggered. Fundamentals The stock has unique cell counting product, witch significant market share, 30 % upwards gross margin and double digit CAGR and 15% plus ROIC. Which is decent enough for European market.
OMXCOP:CHEMMLong
by yash_gurjar_07
Royal Unibrew in a downtrendConsider selling me down a bit to reduce risk or to set a stop loss. The stock is in a downtrend from my April 23. Support around 440 and 400. Price momentum indicators predominantly on sell. Short pos. 1.49% current, but were until 7.11.23 over 3% for a period (1). That might then indicate that the shorter don't think we're going much further down. The falling price is related to disappointing results. Refers to Jyske Bank (2) in Danish. Fundamentally, there is an overemphasis on purchases. Refers to Trading View and Yahoo Finance. Remember you must do your own research and assessment before buying and selling. (1) www.finanstilsynet.dk (2) www.jyskebank.dk
OMXCOP:RBREW
by scorpiris
Alignment of technical and fundamental analysisOMXCOP:CBRAIN cBrain is a software solution company based in Denmark. The company provides solutions to governments and communes for administration and governance. Here is a fun fact, Denmark is one of the top countries in digital governence in the world. cBrain has collaborated with Danish government and build their software solutions from the ground up, so you can imagine how good and relevant their product can be. The software, known as "F2" does ... As far as I know, there are very few competitors who can play at their level. The company operates in one of the larget addressable market "Digital governance".. So, how does the financial look? There revenue has almost double every 3 to 4 years since 2013 Why? There are quite a for such a fantastic performance. 1. Unique position in market - Their software is built from the ground up in collaboration with danish government. That means their products are highly relevant. they onboarded at least 50 different departments so far.. - Traditional software take (delivery and cash flow).. they invested heavily initially, but then the product was developed it offered based on subscription. - There is an interesting video from Management of the company, where the CEO XXX talks about the similarities between various governments. - He says that they have talked with governments of various countries and found out that they more or less operate the same. That opens up a whole new export market at another level. - The software industry is not so much capital intensive, so ultimately it leads to high-profit margin. - Looking at annual reports their client countries are a good mix or developed as well as emerging economies and they have not had any difficulties in collecting cash. The governments will continue to operate that means an almost predictable and recurring stream of revenue. cBrain started exporting their solutions and since then their export has only grown. Now they make up of 48% of revenue, which points towards broader customer base. The company is also introducing new software F2 for climate, adding another product to income stream. In conclusion, cBrain has a strong cash flow and balance sheet and because of its unique position in market it is only bound to grow. That is all about fundamental analysis Technical Analysis : Remember, you are not the only one who can read the annual reports and conclude this. That brings us to another dimention of investing "timing". All stocks go through 4 phase,.. As of not cBrain stock has rallied very high, beating the market average during post covid rally. This is one of the indicators of "leading stocks" in stock market, where during the bull run they often beat the market. However, such stocks are bound to correct as well, which it has now. After a period of 6 month consolidation, it has broken out of consolidation with high "volume" and "tennis ball" price action. Hence a great opportunity to invest.
OMXCOP:CBRAINLong
by yash_gurjar_07