Norwegian Banking will always riseBanks today aquire more and more revenue as they reduce their workforce and steadily increase fees, as online automated services, AI chat takes over more and more. DnB gains the most no matter the world situation, as it can profit from the norwegian governments eternal spending from its oil income and sovereign wealth fund. And DNB is the largest bank in Norway getting the lions share in and of all of Norways combined economic activity.
DNB trade ideas
DNB HTF SHORTIn my opinion - DNB is about to give back most of its gains from its IPO. This high might be its cycle high, I think we have a pretty good chance to lose 60-80% of its current market cap within the next 12-18 months. I do think we can see the price go to somewhere between 50-70 nok. I'll most likely track this going forward. The next support in the small time frame picture should be about 186. If we see new highs here on DNB, I think it will be swiftly. There is major signs that we are about to put in a significant cycle high up here.