Bullish breakout from multi-year consolidation (35+% upside)
Stock saw strong moves up in 2013 & 2014 off of GFC lows as the global economy rebounded.
Swedish Autoliv made their name in seatbelts but pioneer a wide range of vehicle safety products these days.
2.5 year symmetrical triangle (alt. bull flag) has broken out with some horizontal levels still above.
The flag interpretation Implies a measured move to 1500+ / share. A 35+% gain
The triangle targets 1400+, a 25-30% rise.
Potential stop at red dashed line.
Swedish Autoliv made their name in seatbelts but pioneer a wide range of vehicle safety products these days.
2.5 year symmetrical triangle (alt. bull flag) has broken out with some horizontal levels still above.
The flag interpretation Implies a measured move to 1500+ / share. A 35+% gain
The triangle targets 1400+, a 25-30% rise.
Potential stop at red dashed line.
Comment:
Despite nasty action in the US (in particular), the trade remains on track
Trade closed manually
The main thing is to keep the main thing the main thing