Just wanted to make a fast update, but like 98 % of the rest of the market we are
in an downtrend.
They positive can be that its starting or started to look good on some signal on the lower timeframes, but the last couple of days have ruied that.
So as i see it , its still just a hold IF your holding or and wait if you want in, but we all trade deff , so...
AMBU is very low right now and it seems like it could go very high with the OMX C25 Index . It is at the lowest for almost 2 years and with the interest rates going down it could lift the shares a lot. There is a very strong support level under it and a good resistance goal.
Just an picture og the stock AMBU and how i see it and where i might be heading.
remember to do your own analysis and never trade out from others.
Stay humble
Marttin
Buy/Sell oppitunities = Orange
MA 200 line = Blue
Are AMBU going to turn into a downtrend ?
Are MA 200 gonna hold ?
There is only one small resistance left befor we go bearish.
Disclaimer: Im not in AMBU
AMBU has broken this slightly bearish wedge in a stron bullish uptrend during corona. One could wait to see that this week closes over the indicated wedge.
I see the current weeks movement as a ascending triangle, hopefully it makes it our upwards, but be aware of a breakdown, it is still frying quite high, about 50% over 200MA daily.
Take care, happy trading.
AMBU has taken a break since april 2020 after a very nice rally in 2020 due to hospitals mass buy of AMBU's respiratory equipment. The trend is still up and if it can break 230 DKK the next days/weeks, it would signal further increase in the stock price. Maybe all the way to the top of the trend channel at 330 DKK
SWING TRADE
Position: long ''counter trend''
Entry: 99.30
Target: 117.00
Stop Loss: 95.30
Position open: 16/08-2019
Reason for entry: ABC pull back on lower time frame (Trading the bullish C-Wave) as price action and overall trend on higher time frame is bearish... Let's see how the trade rolles out...
Link:
www.facebook.com
Are we gonna see a break of the fibonnaci level tomorrow and close the gap, as i wrote earlier.
I think I will wait a minut or two before buying back in tomorrow, just to see if we break the level.
I think we are seeing investors return slowly to Ambu. Especially after the CEO bought for 5 mill dkk stocks for his own money. I think this is slowling closing the gap from the drop.
A bottom might soon be in. We are currently floating around the support level of 102. Accumulation phase would be around 92-102, a break of 92 could mean that we would see level of 65.
The delta volume shows decreasing selling pressure, which could suggest that a possible turn around could happen anytime and short sellers might is looking for buying back their...
After some great years with a major uptrend, we had a correction. If it hold it would proberly be the finish of way 2.
Its know ready for a major wave 3 over the next years
My last guess on Ambu was incorrect, but i still believe we're are heading down even further.
The movement from the top was just too quick, suggesting extreme overbought, for the correction to be over in one quick move.
I believe we are seeing a big abc correction, and that we have now seen the top of the wave 2, I see it as "confirmed" as the quarter...
My last guess on Ambu was incorrect, but i still believe we're are heading down even further.
The movement from the top was just too quick, suggesting extreme overbought, for the correction to be over in one quick move.
I believe we are seeing a big abc correction, and that we have now seen the top of the wave 2, I see it as "confirmed" as the quarter reporting...
