Danske does not look investible at all, declining volume and descending stock price points to a trip south. I'd say next stop is around 105DKK
Keep in mind weekly didn't close yet, still watching for this going into next week.
Keep in mind weekly didn't close yet, still watching for this going into next week.
Trade active:
Broke down last week, retesting this week with extremely low volume and it looks like it's getting denied.
With the market having been bull since EOY 18 and Danske remained weak the whole time I'd say we can expect a quite significant fall next week (IF CONFIRMED)
With the market having been bull since EOY 18 and Danske remained weak the whole time I'd say we can expect a quite significant fall next week (IF CONFIRMED)
Trade closed: stop reached:
Prices moved out of descending channel and isn't facing rough resistance yet, exited position awaiting confirmation.
Comment:
Now testing stiff resistance toward the upside, will be interesting to see the reaction if world indices flip the trend downward again.
Trade active:
Back to where we started after one month of zig zags. Looking ripe for testing 100-110 next week, following closely.
Comment:
Initial target of 105 DKK reached on the spot. This one was quite difficult, got stopped a few times and missed the move down.
Looks like it's still distributing given the sell/buy ratio, so I'll perhaps look for another entry at 115-120 DKK support turned resistance.
Looks like it's still distributing given the sell/buy ratio, so I'll perhaps look for another entry at 115-120 DKK support turned resistance.