is a company that has had a fantastic year both in price action and fundamentally. It has now created a harmonic pattern
that suggest a increase of approximately 115%. This target is resonable since the company has a fairly low valuation compared to the huge successes it has made. The big price action upwards from the important support level
around 26 SEK
indicates strength and further rise. The fibonaci levels on the chart are good levels to sell/buy but the long-term target is still around 56,75 SEK
. My sell stop loss is 25,75 SEK
, a price action that breaks that level suggest a further pullback. What are your thoughts?