Bullish continuation, probability for a parabolic move.
TTM Squeeze is showing major momentum upwards, and we have a positive crossing of 20MA and 34MA on the weekly.
Looking for a retrace to below level, 17,40SEK and then first major TP is 35 SEK.
Lets see where this goes from here..
Will it break the trend line ?
Will the Trend line hold ?
Looking for new entry points.
where will it go from here ?
I think it will go down, but lets see what happen next week
Disclaimer: been in since 11.5
OMXSTO:MAHA_A
Maha Energy AB is an undervalued Swedish oil stock with production in Brazil. Extremely good netback in excess of $ 40 per. barrel. The company has suffered from being downgraded in 2019 because a separator gauge for measuring the gas to be assured was incorrect and a new one had to be obtained from abroad and verified by authorities, which caused...
As seen on the indicator: "RSI" Maha has a very clear resistance line. As of today, 29/12/2019, I find it fitting for a potential retracement which also is because of the Fibonacci Retracement 0.618 line causing resistance. MAHA is still in a very strong uptrend with a massive primary trend of about 35%. I expect a rather small retracement without selling my...
I see very clear signs of Maha experiencing a bullish trend the upcoming days. This is due to MACD showing a positive trend, RSI not being extremely overbought as well as a breakout from a long term resistance line.
