I bought Powercell at 200,1 SEK my play is that the negative streek has been broken and even number seems to be a level to bounce from, stop loss if we close below the red area.
PCELL is at a very critical inflection point. This area is where reversals happen so if this level holds, we could see a beautiful reversal towards the upside. Bullish cypher aswell with the beautiful double bottom confirming the low of the harmonic. Bullish divergence as well on the MACD histogram and the RSI. Really good entry right here! Good Luck traders!
Not originally published here but a name from my report for Sunday (27/06). Take profits here 226.80 for a 10.5% gain.
Strong moves in the solar sector.
These companies in the hydrogen bussines took serious hits after massive runs seen last year, to me they dropped enough to look for positions.
Took a postion based on the higher low, now looking for that higher high to confirm HTF break in marketstructure.
Will add on break of local high.
Very bullish for these kind of diruptive technology, market for renewables...
It looks like PowerCell (PCELL) is in the process of forming a Cup and Handle. If this is the case, the 1st target will be SEK 481, the 2nd target SEK 778 and the 3rd 962 SEK.
Powercell Sweden appeared relatively weak the last weeks. However, the overall trend is bullish and I think that bulls will take over again as soon as Powercell reaches its major support trendline.
