Stock saw strong moves up in 2013 & 2014 off of GFC lows as the global economy rebounded.
Swedish Autoliv made their name in seatbelts but pioneer a wide range of vehicle safety products these days.
2.5 year symmetrical triangle (alt. bull flag) has broken out with some horizontal levels still above.
The flag interpretation Implies a measured move to 1500+ /...
Autoliv has been ranging since May 2015,building a giant flag after a major uptrend.I would guess the cycle for the stock to come up to target, if it does would need a quarter..
Well, it has the connors rsi below 30. had a good performance in the past with this setup.
also, we see the stock right in the support given by the last low. Yes, we realized it lost a long Up trend line, but we haven't saw the same in the accumulation and distribution, which makes us believe it was a false breakdowno. Well. the stop is right below todays low......
This stocks is on a uptrend. Near the trendline. The Connorsi less than 30 . This gives me an long entry, with stop 5% below in 99 and target 5% above in 110.00 . In this model we do have more than 70% of winning trades. Quite simple analysis, but effective.
