I-tech seems like it has reversed it's trend. Volume climax to the downside was bought up quickly (probably early investor who sold) and wave 2 text-book bounce on the .618 fibonacci. Start to scale in now or wait for Wave 4 (ABC) to play out. Could do 3x in one 8-12 months. Trade setup is invalid under Wave 2.
Hey guys, as you see we see a long term chart. we are on the last wave 5 for a top at 2020 around 1870. Then we should see an retrace back to 1364.
This is my long term analysis of OMX30.
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THIS IS NOT AN INVESTING ADVICE.
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.
Lets see what happens if/once we reach the resistance zone at 360 area
We will need to see what happens with the buyers/Sellers near the zone, else we reach the support and see how operators doing there
Have a good day
S
Hi,
Shares of SEB' AB (Skandinaviska Enskilda Banken AB provides corporate, retail, investment, and private banking services in Sweden and internationally) fell by more than 14% (on Friday) as investors worried that another Nordic bank will be dragged into the scandal over money-laundering. It is hard to say, how the following weeks/months may affect the SEB...
