FING_B - CHINA X US G20 - Catalyst Play (Intellectual property)
Structure looks like an expanding diagonal. We have targets @: TP1: TP2: TP3:
Well the bottom is in for H&M. We finished of the bear market with a textbook triple zig zag with a zig zag x wave. Elliott wave theory is validated with a 1:1 fib ext X->Y nad X->Z
The stock closed at 39,55 SEK after Wednesday's trading. The price had risen with 12% on the publishment of the strong Q4 report on February the 12th. The company could present great results and hit the expectations by the margin. They're currently producing around 10 000 barrels of oil a day, but are heading towards 40 to 50 000 per day. CEO Mike Nicholson is...
Looking for a retest of the previus higth at 85-90
SHB has touched a positive support line. The biggest risk is if OMXS30 falls. I would enter this case when I've seen that SHB starts going sideways and gain some positive volume.
Copper: Nickel; Zinc: Dollar dependent.. neutral.. then long after the summer
Två viktiga nivåer att hålla reda på är 1,28 och 1,80. Varför? Jo, därför att om kursen bryter stödnivån 1,28 så är 5 vågsfasen avbruten och kursen kommer då inte längre vara i någon positiv trend i och med ett lägre botten! Sannolikheten för ytterligare fall är större än att kursen repar sig. 1,10 är en tänkbar punkt att återinvestera, med en stop loss strax...
Bearish Divergence on the bottom indicator and a resistance coming up.
OMXS30 is forming resistance around the current price of 1544 with target 1385 and lower towards March month.