iZentrades

Clas Ohlson 20 year long base broke out last month

Long
OMXSTO_DLY:CLAS_B   CLAS OHLSON AB SER. B
OMX30 Stockholm is near its All-Time-High so I'm bullish Swedish stocks.

Clas Ohlson broke out to All-Time-High with the monthly price closed at an All-Time-High.

I'm bullish as long as it can hold this price level. All previous trends are now up meaning everyone who owns it are in profit.

Multidecade bases can set up for multdecade trends. To follow the trend I buy new highs.

Best of luck!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.