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...
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,...
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 :)