It could go all the way down to the bottom of the channel to 17.9 SEK in the next weeks but if the bottom of the channel holds it would be a good buying spot if it rises to around 19-20 SEK in my opinion.
Breakout in the Swedish automotive supplier Bulten
Mekonomen on Swedish exchange. Nice results. Good company which delivers solid results. Quite high historically but another bull run if we bounce inside the trading channel. Supported by lateral RSI, positive TSI and MACD. Target 95 SEK mid-December 2019. On the other hand, if we break under the channel, probable sideways move well into January 2020.
US-CHINA trade optimism boosting the world’s wide stock market. OMX_30 is not also exceptional. But we have seen a lot of time, every December stock market rush into profit-taking. So we can expect some seasonal profit-taking ahead of charismas and 31st events. If we see the chart closely, a rising channel from 2000 and 2016 is capped by right now. Every time the...
Last two trading days VOLVO_B had some profit-taking from 155.15 critical swing zone. But the market already breaks out the descending channel from 2018. So there is another good chance to up technically to 155.15 zones again, till it breaks below 144.40 critical support zone. Market closing rate 150.55 and it is still above the descending channel level. As...
Great entry as bullish divergence and bullish doji's are confirmed! price action going over EMA 200 and Ichimoku lagging span is going over the cloud.
VOLVO B MAY TEST 155.145 AGAIN AS LONG AS 144.40 IS SUPPORT.
More and more bearish bars on the Daily chart and the latest bull move didn't cross the 9MA on the RSI (bounce) suggesting loss of momentum. Looking for a short intraday retracement to 1740.
Pennant breakout and pullback good to buy just below ema89
Hyundai Motor accelerates hydrogen technology development through 3 strategic investments www.greencarcongress.com The post-transaction shares of total outstanding equity capital and votes of Hyundai and Accendo Capital will be 10.4 per cent and 12.0 per cent, respectively. The purpose of the directed share issue is to increase the capitalization of the company...