In 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...
DNB is trading in the bottom of a nice trading range. Potential for a low risk high reward long trade if price opens in the same area it closed on Friday. Stop-loss level just below support line.
