Hey guys, as i see we have a big chance for a bear flag forming over here on the daily chart. We have major support around 16 17 area which we can touch again soon and maybe we get a new shot to long again. Seems pretty logical to me 😊.
I m not going to short this soon because i wait for confirmation, of course next earnings can shift the course of stock...
SINCH was a trading in downtrend since september 2021and from its peak at 205 SEK fell to 13.60 SEK but recently it seems downtrend has exhausted and bulls are in full control. Share is gearing up and alreday upto 112% and has long way to go. Moving average 21 and 84 are providing dynamic support now. In the short term we can target MA 200 which is potential...
