Oscar Properties OP - Swedish Luxury Apartment Developer
In this series of Swedish Real Estate charts we take a look at Oscar Properties - oscarproperties.com/
Oscar Properties are a Stockholm based residential developer specialising in high end residential projects. In 2014 they entered the NASDAQ and subsequently had a dynamic rise to a high in march 2017 at which point a major sell off - possibly post market due to the price gap between trading hours occurred. Price thereafter rolled over in a major sell off.
Since a large sell off at the hight of price OP have gradually sold off and appear to have bottomed out - however this process should also be read in conjunction with the HOX OMX Valueguard Stockholm Apartments -
What we see here is stock price directly related to a housing market bubble and subsequent warning in 2017 that a major price correction in residential prices was on the cards as investors fled the market.
Stock is currently trading below it's entry price in 2014 and a recent rally appears to have been quickly sold off and now returns under the 50MA which is also caught under the 200MA after a death cross was formed in July 2017.
Either there is a solid bottom forming for a potential rally in the coming years or Oscar Property stock is in danger of falling lower - a break below 22.0 would signal immanent danger for the company.
However a basing pattern followed by a revival in the housing market may see their stock lifted up - the warning for potential investors is that any rally may get sold off as retail investors caught in the price action from July 2017 onwards and who did not get out during a 5 wave capitulation stage will be keen to sell directly into it.
Prognosis - Very Bearish - however given that major projects are near completion any news of takeover or external intervention may see stocks rise. Therefore if one were to take a risk (this is not financial advise and is speculated for educational purposes) a buy may be placed at a break out level above the previous rally with a tight stop or small amounts of stock could be purchased with a stop under the low of the last phase in case of a breakout.
A recent warning is that it appears that a negative coil is being formed and this is a bearish sign that stocks may drop again.
More to follow on charts related to the Swedish Housing Market -
In this series of Swedish Real Estate charts we take a look at Oscar Properties - oscarproperties.com/
Oscar Properties are a Stockholm based residential developer specialising in high end residential projects. In 2014 they entered the NASDAQ and subsequently had a dynamic rise to a high in march 2017 at which point a major sell off - possibly post market due to the price gap between trading hours occurred. Price thereafter rolled over in a major sell off.
Since a large sell off at the hight of price OP have gradually sold off and appear to have bottomed out - however this process should also be read in conjunction with the HOX OMX Valueguard Stockholm Apartments -
What we see here is stock price directly related to a housing market bubble and subsequent warning in 2017 that a major price correction in residential prices was on the cards as investors fled the market.
Stock is currently trading below it's entry price in 2014 and a recent rally appears to have been quickly sold off and now returns under the 50MA which is also caught under the 200MA after a death cross was formed in July 2017.
Either there is a solid bottom forming for a potential rally in the coming years or Oscar Property stock is in danger of falling lower - a break below 22.0 would signal immanent danger for the company.
However a basing pattern followed by a revival in the housing market may see their stock lifted up - the warning for potential investors is that any rally may get sold off as retail investors caught in the price action from July 2017 onwards and who did not get out during a 5 wave capitulation stage will be keen to sell directly into it.
Prognosis - Very Bearish - however given that major projects are near completion any news of takeover or external intervention may see stocks rise. Therefore if one were to take a risk (this is not financial advise and is speculated for educational purposes) a buy may be placed at a break out level above the previous rally with a tight stop or small amounts of stock could be purchased with a stop under the low of the last phase in case of a breakout.
A recent warning is that it appears that a negative coil is being formed and this is a bearish sign that stocks may drop again.
More to follow on charts related to the Swedish Housing Market -
Comment:
Further reports of Oscar Englebert intending to sell shares in and around the 1.168 fib level - This marks a strategic redistribution phase initiated by Oscar Properties management before a markdown of share value of 69.2%.
www.avanza.se/placer...-375-mln-aktier.html
The report indicates that shares would be released post market.
The 4hr Chart captures volume and sell points.
www.avanza.se/placer...-375-mln-aktier.html
The report indicates that shares would be released post market.
The 4hr Chart captures volume and sell points.
"Equity sales thus amount to approximately SEK 3.3 million." Approx 346,000 Euros - A mark up of 163% profit from the original listing.
www.vafinans.se/akti...-3-MLN-KR-1001824695
fastighetsnytt.se/20...yttrar-oscar-aktier/
cornucopia.cornubot....roperties-given.html
Note on the trade:
This was a highly technical with tell tail signs of gaining maximum profit:
1. The trend based fib line based on the first major impulse wave price was sold at a confirmation of the 1.618 extension at a share price of 89.1 SEK per share.
2. Share were sold on a retest of the 1.618 fib extension
3. Based on the gap between bars on the daily - shares were most probably sold off after market - meaning maximum release of OP shares without spooking day traders and causing devaluation through order flow