OUT1V - Bull div on daily. Not advice. Just showing bull div on much larger downtrend. Possibilities are high for us to test upper lines on the downtrend channel.
OUTA trade ideas
OUT1V forming an iH&S?See chart. Zoom in in you will. WIll update for a couple of weeks.
No trading advice. Just a chart-pattern analysis.
Last test of support on OutokumpuI have been working on the theory of the current price action being a smaller fractal of the last bull run from ATL 0.88% .
A pitchfork can confirm the channel play occuring and a slight bullish divergence can give indication on a rally soon.
Three tests of RSI support and vertical support from a major pitchfork . The volume is down almost 70 %. It's not going to stay like this for long.
Buy levels have been around 5€ and I think a 30-40% gain is plausible. This major pitchfork followed by a rally is an exciting idea that could take us even further. Unfortunately the company has been surrounded by some bad news and the sentiment is bearish . The banks give Outokumpu a low security value.
A safer buy is at a confirmation above the red line. I'm overall short-term speculating on this. The OMXH index does not look very promising right now so it will be a tough climb.
OUT1V - OMXH - Possible bullish gartleyPossible bullish gartley spotted. Long term investment.
Will write more some other day.
Stainless steel has a huge upside potentialOutokumpu, a european stainless steel maker has just broker the resistance, it has a upside of 30 euros
OUTOKUMPU Looks like an legit short. Might go for another higher high or double top. Follow the RSI to make sure it doesnt do higher high. Lower high = even better..
