The Sydbank stock appears to have reach the bottom of its show term downtrend in its long term uptrend, making it an attractive time to either buy into the stock or supplement current position. This argument is backed upped by several technical indicators, such as MacD indicating increasing volume in trade giving the stock momentum to break up through existing...
Seems like the downtrend is about to become an uptrend. Good buying spot here at 132 DKK in my opinion, I would put my stop loss at 121.8 DKK as indicated by the black line.
Bullish shark at old channel top. Looking for long setups on the lower time frames if the RSI trendline breaks.