A very tough trendline is still holding the price down. Another pull back would be no surprise, but I think there is a good chance of an impressive breakout.
One of Northern Europe's largest energy businesses, Finland's Fortum Corp (€23.51), displaying strong price action as it trades near the upper boundary of a 12-year base. Not the same industry but the structure is reminiscent of Rio Tinto & Southern Copper back in Aug-2020. Equity Portfolio Idea.
...On weeklies we have long rising trend from March 2020.. Now retesting November 2020 Highs / wick imbalance. On hourly we are trying to form H&S on top of the previously mentioned wick imbalance
It looks like a break out is likely to happen. My bet is the trend will push it upward.
Hey guys! Choose all fresh levels for the great bullish trend.
📌Short intro: Simple ideas - No junk * Full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or like if want to send support * FX - STOCK - CRYPTO * 💡 NOKIA technically based idea, we can see price is bounce from bottom trend line, technically indicators showing we can expect...
Just a test, added the top 10 stocks of OMXH25 to a chart with 75% weight of the actual thing, so this represents 75/100% of the actual index. Seems like there is some cyclic pattern that upon repetition points down.
Ascending wedge chart pattern. Will it close the nearest gap and bounced back ?
NOKIA is going to 10x next 10 years, going to be swing trading it with 20% of my portfolio.
Sampo earnings results are due on Feb 11. H&S could be underway. Key support at 32.92, where I would say it would be a good moment to buy with the risk of losing 7.81% in the near term.
This regression channel NOK has found itself in for years continues to provide clues for support and resitance areas. If we've indeed put in another wave 2 in zig zag, we could soon swing to meet resistance yet again.
This is a buy and hold play, not a large position but a bit of a longer term one.