- Not 100 sure here about SwedBank.
- Divergence on RSI.
- Might need to go down to 188 ich, to test out support.
- Might be looking for a entry att 188 and 50 EMA.
After a strong impulsive wave, the stock has been traded in a broadening wedge as a correction. Currentlyu we are waiting for a price movement against the Make or Break levels at 172-178 SEK. If we se a strong breakout to these levels. We'll wait for the first high on the daily timeframe and enter after the breakout targeting the 205-210 levels. The another...
Long trade setup
**Trading on the positive side of MA200**
**Underlying strong tested support + MA200 as support**
**Reviewed last earnings report for Q1 @ late April**
+Profit for Q1 increased by 10% vs Q4
+Increased revenue Q1 2021 / 2020
TP:
**MA5 candle close above**
**Fibonacci 1:1 / 127% depending on the movement on low time frames**
**Chasing a few...
//For my own learning and training //
SWED has made a bull flag that would suggest a move up .. BUT We are on levels of previous highs from FEB 2020 and Jan 2021 so there's a level of resistance close by..
So instead of instantly braking up, I would consider a similar pattern to occur that was in July - September 2020 after bull flag... A sideways market for 2...
Sold my single position, Swedbank uasually takes a break around here. If Swedbank follows the the black line down and passes the yellow I will return once more. Good Hunting.
The three lines indicate previous support or resistance levels. Swedbank recently broke the 160 resistance but quickly dipped. The breaking of 150 indicates to me that it will continue down towards 140 where it will find strong support.
Watch out for bullish candle signals as it closes the gaps to 140. SWED will probalby bullish to 150 and if it breaks the...
Hi,
Strong support around 100 - 117.
Technical criteria:
1) Rejection from the round number 100
2) Rejection from the Fibonacci retracement level 62%
3) Previously worked tiny resistance levels become support
4) 50% drop from the recent high acting as a support
Regards,
Vaido
Even if the punishment for old sins turns out to be a hard one (we don't know and it may turn out to be less harsh), I expect a positive direction on Swedbank with a target of 150-ish by February 2020.
but not yet , simple story as always .. x stock dropps little and john steps in to buy . john always to early , who has biggest patience gets best reward . technicaly breaking TL = SIGNAL TO REVERSE . TL IS BEEN UNDER BUILDING . so patience and eyes open , because soon its time to step in
