Pandora is at a low point right now. It has a strong support under and some good support-points over. If Pandore gets a good support it will start a bullish trend. When is reaches the support it could go fast and go up a lot. Pandora will follow the OMX C25 Index and go up over the next few months.
I'm looking for consolidation at 270. If it happens there will be a retest of the 470 level.
The stock is weekly and monthly oversold with daily and 4h bullish divergence.
BIO
If the stock breaks up through 181, the downtrend will have be broken. But i doubt this because of all the negative news around the company. I think we will see this continue in its downtrend, until the new CEO takes office.
Tuesday the annual earnings report was released and the stock jumped 17,6%.
Several finincial institutions have increased their price targets, e.g. Danske Bank from 310 to 365,
and a lot of large players are heavily invested. On the other hand, american hedgefond,
Coltrane Asset Management, increased their short position yesterday.
The stock is now at an...
Pandora is showing sign of a reversal, double bottom at 78,6% retracement and with a quick fall speed.
We might see a steady rather quick uprise the next two months..
The technical analysis matches with the fundamental perspectives, suggesting a new bullish time ahead after
two years of bearish trend. Immediately after rebounding from the 61.8 Fibo level (measurement taken from the big bullish move on a weekly trend) some news have suggested the interest of some Equity Funds of acquiring the danish company and, after that,...
Pandora stock taking a beating for deciding to slow down on it's earnings projection. Doesn't really phase me, bought this discount, holding to hopefully 695. stop in the low 300. good luck
Bearish ab=cd + gartley complete. Bearish butterfly (minor .786 overshoot, but still good I think?) at ATH above.
I don't expect to be trading this at the moment unless I get a good lower time frame setup. Just a share :)
