This stock rebounded strongly today after hitting the 78,6 % retracement level. This could still be an elliott wave 1-2. This rebound comes after months of divergence between prices and RSI. If the RSI crosses 50 with determination, I'm expecting this pivot to hold. If it does, target is the median line.
Buy NOKIA after the bounce on the confluence between the broken bearish trend line, the ascending line and the support zone. Also the price is trapped into an interesting fibonacci level. A good price action could be the trigger to buy the stock.
Possible bullish gartley spotted. Long term investment. Will write more some other day.
Not giving closer analysis on this stock. Quick TA view: Time cycles seem to match quite closely to the drops indicating unrest with stockholders during close to monthly cycles with roughly weeks recoveries to previous levels. We're still well within the trend line set in early 2017's. Two larger scale cup and handles have taken the price back to the trend...
Target 5,275. Wait for reversal. Dump is almost done.
Idea described in chart. OMXH - Finnish stocks
This one could be a good opportunity. We're going for the re-test of the downtrendline. In case of a breakout targets would be set at 7EUR. Entry at 6EUR and stoploss in case you want one would be 0.4EUR below your entry. Risk/profit ratio would be around 2.4. Note: Resistances at 100 and 200MA in case you wanna play midterm instead of long. Entry valid IF we...
Do your own research, do not act based on mine as I take no responsabilities :)
Will update this from time to time on smaller timescale.
This downtrend has gone to extremes. We are talking about a defensive non-cyclical stock, a pharmaceuticals distributor, with intermediate to short term business troubles. Earnings could be the catalyst here. Despite it being "a falling knife", I'm willing to take some risk on this one. Note that the RSI has been stabilizing and diverging with prices for a while...
- Expectations on the financials are postive - Growth in Sales regions (China & USA) - P/E = 13.84 - EPS = 2.05 Technically it looks interesting based on the support.