Is the Finnish Bank OmaSp about to collapse?

The charts are suggesting caution. On the above 10-day chart:

1) Double top in price.
2) Regular bearish divergence.
The higher the timeframe you look the more ugly this divergence is.

Laterally I’m wondering if the small banking crisis that hit the US is now venturing to other parts of the world. OmaSp does not appear to be in isolation.

There were some tell-tell signs before the collapses of Silicon Valley and Signature Banks. (No one in Europe heard of those banks!) They were:

1) Strong bond market exposure.
AND
2) Same TA as above.


“OmaSp has been active in the bond market since 2013” says their website. Very true..

Until recently you could get the information on their Bond market exposure.. You click on the WebPage today and you get:

www.omasp.fi/en/financing-and-bonds

“Unfortunately the webpage you were looking for can not be found”

Oh dear…

Ww



Type: Trade, short
Risk: <=3%
Timeframe: Candles closing at 19 and under.



10-day Silicon Valley Bank
before

after

10-day Signature Bank
before

after

Comment:

“US and German bond yields at multi-year highs in continued global selloff”

www.ft.com/content/a...41-b3cc-f2c237124073

Guess which bank cannot participate in the sell off until 2025?

Comment:

Price action has exited the flag pattern. The exit confirms on December 4th whereby a 10-day candle body shall print.