NIBE at the bottom of the channelLooks like a wave 4, which could be complete. RSI divergence on all timeframes. Fundamentals still solid
0.12USD
450.74 MUSD
4.39 BUSD
About NIBE INDUSTRIER AB SER. B
Sector
Industry
CEO
Gerteric Lindquist
Website
Headquarters
Markaryd
Employees (FY)
21.92 K
Founded
1989
FIGI
BBG012S21338
NIBE Industrier AB engages in the manufacturing of products for both household and commercial use. It operates through the following business areas: NIBE Climate Solutions, NIBE Element, and NIBE Stoves. The NIBE Climate Solutions business area offers indoor climate comfort products including heating, air conditioning, heat recovery and hot water for homes, apartment blocks, and other large properties. The NIBE Element business area comprises components and solutions for intelligent heating and control designed for both industrial and consumer products. The NIBE Stoves business area consists of stoves of various sizes and designs to suit both houses and commercial properties. The company was founded in 1989 and is headquartered in Markaryd, Sweden.
nice looking for bottom in coming weeks . nibe looks really bad but starting to show buyers is starting coming in . minimun a bounce soon if not bottom before the real bouble burst.
NIBE Industries Short brewing thanks to an M FormationM Formation has clearly formed on the daily chart.
The price has broken below the Neckline which is showing more downside to come.
We have other indicators showing a downtrend momentum including:
200>20>7
RSI<50
My first target will be at 43.22
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