For you who would like to check the company out more in dept: www.home.sandvik §1 Fundamental blah blah §2 Position and forecast §3 Technical summary §1 Fundamental blah blah Sandvik is a Swedish company which is well diversified troughout the mechanical industry. They make things like: Ceramic metal cutting tools and tool holders Mining equipment CNC...
The stock is just bounced on weekly support and seems to be reversing after testing daily support. Buy above 137 Take profit around 167 Risk 5%
Obvious it is an head and shoulder-formation in tha chart!
I only publish ideas where i put money in it. This stock is in a uptrend with a pullback. Buyng at support with a 1 to 4 risk/reward.
Sandvik completing the " ending Diagonal" structure Expecting a fall