We've seen a drastic fall in Solar the last week.
If we use fib levels, we see crystal clear resistance and support on them, and right now the major rebound retracement matches the minor.
This is testing of a strategy, won't invest myself.
use this as inspiration.
Happy trading.
The price is at the lowest area since its listing on OMXC. The price have been down with 90 %.
RSI combined with price shows (look at the red arrows at RSI) that while price is making Lower lows, the RSI is makin Lower highs, which shows that strength of sellers is weakned. This is typical sign of bottom is about to be made.
4H technical shows a bearish 20-50...
It looks like it was down testing the support at 145 but got rejected. Further rise is possible in the future. I think it will go and test the resistents at 194 now.
I think it will go down and hit around 2.4 before rising again. Then I think we will se it go to around 4.5 or higher, before then taking a dive again. I would buy at around 2.4 and go long on my investment.
As expected VELO fell again today. There was not a lot of support around 2.5 and with such a red day (-8.58%) I expect it to fall further before finding stronger support.
I will be looking to re-enter when buying volume increases, either in the 2.2-2.3 area or in the 1.9-2.0 area.
Short term bearish, long term bullish.
VELO has been bullish since october, continously making higher highs and higher lows. The annual report was released wednesday (27.02.19) and caused the stock to drop ~15% the following day. The report held no surprises, however, as everything is on track and it can only be a surprise to the very uninformed investors that revenue is yet far from matching the...
We are either still in the uptrend or we have moved into a downtrend. I will be keeping a close eye. If I see a break under 130 i will sell, and reinvest, when the uptrend ones again have been confirmed.
If Jeudan makes a further correction, we could see a possible bounce of the trendline and fibonacci 0.382 at 792 kr.
If it breaks the trendline, a long position could be taken at the next support line and fibonacci 0.618 between 646 - 632.
Trade with care and have fuun
NKT in a uptrend. NKT will do well in the green economy. They develop cables. Cables will be in demand as we switch from a Oil based economy to a more or less fully electricity based one. Have a nice day.
