SVENSKA CELLULOSA AB SCA SER. B

SCA_B OMXSTO

tradewithmitra

Look to buy above 120 upon re-test Triangle continuation pattern Strong RSI Above 200 MA Inverse Head and shoulder Make sure that you see a retest, the stock must break 120 with (hopefully) good volume. Good luck"

FRANCKDERET

Great configuration for SCA. Seems that the Bears are giving up on W1 74.12 levels. Stock is cheap and a good long term investment. Risk 16%

J00Z1

Here we see the hyper bullish SCA_B at the end of a 5 wave cycle having out performed most Swedish stocks since the 2008 Financial Crisis. Price Spiked up beyond a 6.18 projected fib trend line based on the first impulse wave after which price has sold off very quickly. Exports have been given a steady and then huge boost by the devaluation of the Swedish Krona...