This store is over. Thank you for the gloves and the yoga mat...
XXL - Thriving on lockdown. -Recently the brokers changed sentiment from Keep - Buy. -Had an 1 impulse wave that broke through 20.5 resistance. -Testing 20.5 previous resistance, now support. Targets: 1:1 wave 3. , 262% of wave 1. RR 2.6. Long. Cheers
Hi!! Potenitial setup this week to swing long on XXL - intraday / 2-3 days swing. -Trade with CARE -Handle your SL below 78.6% fib - entry earlist at 50% retrace. -Target 1:1 , 127% of last wave for swing. -RR at least 3:1. Calculate your losses versus winnings before hand. Keep an eye on this one!! whether it continues to 1.618 extension of wave 1 - or retraces...
might be touch resistance 30 in short term and it provides comfort risk/reward with enough volume, news and interest !
Quarantine make people restless and soon they will need their outdoor recreation again. At the same time, XXL has gained monopoly power in Norway with Gresvigs bankruptcy.
Beaten to death, investors are throwing in towels one by one. The pain is soon ceasing.
As you can see on the following chart OSL:XXL may soon finish an A,B,C,D,E correction from a blistering 110 FX_IDC:NOKEUR from A to E. In an A,B,C,D,E we often see the last leg E extended further than the first leg A. Even though XXL has been through a shit storm of bad news, new board members and massive sell offs, it does not take away the fact that this may...