#OM/USDT Ready to go higher#OM
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 4.05
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.20
First target 4.36
Second target 4.51
Third target 4.65
Omx
SAAB - Expecting retracement before continuationI would like us to retrace before we continue up, if we go up from here i expect a bigger retracement in the future and the continuation to be weaker. Bascily if you want SAAB to continue up in the long run you want a healthy retracement here.
I can see SAAB to go up to 790 based on trend-based fib extension. After the retracement, if we hold the bouncing levels.
OMX C25 potential bullish trendThe OMX C25 shares had a very good bullish trend from the beginning of COVID-recession. Now the shares just finished a shoulder head shoulder bullish formation and is now testing at the support level. Now it is very possible that the shares are going to raise and reach the resistance level. Therefore we now could get a potential bullish trend where it can raise 16% over the next few months (give & take). So now is a good time to invest int this share if you are looking for a short-term investing but also a good time for a long-term.
DSV: Head and Shoulders top completeDSV - Intraday - We look to Sell at 1415 (stop at 1496.5)
Broken out of the Head and Shoulders formation to the downside. There is scope for mild buying at the open but gains should be limited. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1415, resulting in improved risk/reward. Expect trading to remain mixed and volatile.
Our profit targets will be 1185 and 1100
Resistance: 1415 / 1507 / 1560
Support: 1357 / 1346 / 1300
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OMXS30, (1M) Melt up is hereMelt up is here just like in 99/01, only question is for how long can it go on?
I see in best case we go to 2300 (~7%), but you never know may as well end in disaster next week, or even blow pass 2300.
Be careful out there, i'm starting to cut down on positions from here.
ZAPTEC builds momentumThe Nordic indexes have struggled this week along with the USA. However, I believe we are in for a treat the coming week as the market relaxes!
We had a beautiful bounce on the Fib (0.618), and with a close in the range 55-60 today I believe that we would continue to move upwards.
If you have any questions please let me now!
Best regards,
Widtrade
OMX30 - DailyIndex is up almost 23% since the bottom bounce a few weeks ago, and it's still below Fib 50% (1580) and EMA50 which, in my view, is still negative although we are trending above EMA20 - possibly positive in the long term.
On 20 April, OMX formed a hanging man that was confirmed with another red close on 21 April. As long as we don't make a new high, I'm looking at 1470 and 1400 (Fib 50%) as levels to go long (mainly the latter than the former). MACD and Stochastics also signal negative divergences which re-confirms the candlestick pattern.
In conclusion, with a 23% rally, a slight pullback would be healthy before we form higher highs and higher lows.
The beginning of the endThis is the beginning of the end for the Estonian stock market as the economical indicators are at the same levels in the country as in 2008 in terms of employment, unemployment, vacancies and all the other good things. Not only that but the market is in heavy correlation to our American friends whom are on their way down in to the dumpster.
Here is an analysis with a H&S pattern being broken at an all time high crushing through the quarterly moving average dipping under the monthly aswell yet to land on the annual, combine this visualization with the fundamental economical indicators.
Outlined are aswell the possible sell and buy order areas.
$LUPES (Large Cap OMX Stockholm) trend continuationLundin Petroleum spiked up today with a nice bullish runway gap, proving there is more to expect.
The stock is trading well over both MA50 and MA200.
Close to oversold but a first target would be gap close from february 2013 @ 164.