When discarding covid19 effect, only once since September 2012 has SMA200 been above SMA50.
Right now there is a balancing act going on.
Yet over this week the price has broken out from the previous 3 tops and had strong support in 420-430 after Q1 postings.
Since then there has been a strong RSI14 development and is showing a strong yet not "overbought"...
steamloss in the Genmab stock will likely fuel a new rush.
1) the 2 previous times times RSI has been below 30, it has resulted in strong returns. Will it happen a 3rd time?
2) The current strongly rising RSI will like make sure that the price will move and stay above the short term downward trend.
3) Opportunity for the price to move towards 2557 DKK. Yet be...
RakeTech will likely follow an upwards short-term trend.
Be aware that RakeTech has a low volume and small market Cap, making it rather risky.
The stock has experienced a golden cross in August 2020, and has been climbing nicely in the trend channel since.
Shortly in November the upper bound was tested, and the price lowered to the limit of the lower bound. This...
Talanx's peers in the German market Munich RE and Allianz have since the COVID19 sell off in February 2020 recovered better than Talanx. Talanx will likely close this gap soon.
Talanx experienced a golden cross a couple of days ago, and with a rising RSI it is likely that Talanx will move towards 37 EUR over the coming weeks.
Long position entered in 32.13
IAR Systems is among the stocks which hasnt recovered after the COVID19 sell off in Feb/march 2020.
There seems to be a strong support for the short-term upwards trend to break the long-term downward trend.
RSI is medium, but will be rising due to the increasing positive volume.
First resistance to overcome is 151 (target 1), second resistance is 170 (target...