Trading Idea - #StoraEnsoMy Trading Idea for Stora Enso - Buy Limit Order
Buy: 155 SEK
Target: 198 SEK (+27 %)
Stop: 137 SEK
5.06%
16.485BSEK
124.226BSEK
About STORA ENSO OYJ SER'R'NPV (SEK QUOTE)
Sector
Industry
CEO
Hans Mikael Sohlström
Website
Headquarters
Helsinki
Employees (FY)
20.879K
Founded
1998
ISIN
FI0009007611
Stora Enso Oyj engages in the manufacturing and marketing of newsprint, book paper, magazine paper, fine paper, consumer board, industrial packaging, and wood products. It operates through the following divisions: Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other. The Packaging Solutions division develops fibre-based packaging, and operates at every stage of the value chain from pulp production, material and packaging production to recycling. The Biomaterials division offers a variety of pulp grades to meet the demands of paper, board, tissue, textile and hygiene product producers. The Wood division provides versatile wood-based solutions for building and housing. The Paper division provides paper solutions for print media and office use. The company was founded in 1998 and is headquartered in Helsinki, Finland.
STORA ENSO (STERV)Hi,
Strong support area 9.500 - 10.500.
Technical criteria:
1) Rejection from the trendline
2) Rejection from the Fibonacci retracement 62%
3) The round number 10.000
4) 50% drop from the recent high acting as a support
5) Historically really strong horizontal area acting currently as a support
6)
STE_R Pulling Back on M1 supportNice pull back on monthly support with confluence on SMA 20 & 200
Only hurdle is the W1 SMA 50 which is a bit steep so it may take 1-2 weeks to unleash the beast.
Target 165
Bearish DivergenceA negative divergence has been building. Prices keep making higher highs, but accompanied by weaker technicals. I think this uptrend is tired and we could be headed to test the 200-day SMA.
See all ideas
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