As you see on the chart we are in a downtrend so we will have a big probability of downtrend continuty after the breakout with force the support line by a big red candle with a large red volume. But, in other hand we could have a reversal trend (uptrend) after the breakout with force the vwap indicator and the resistance line by a big green candle with a large...
NEL ASA Is an under-the-radar company - It was not the fast track company and I did a silly buy a year ago. But most likely you will hold your loss confidently if you know what's behind the scene. That's what I do. Now you have 15 days to analyze the company while it will retrace a little bit and take a position. Its cheap so think about that you gonna buy some...
The main index on the Oslo Stock Exchange is heavy on oil. So the oil price will have a lot to do with what we can expect. Under normal circumstances, this is what I would expect in the months ahead for this index. Now, though, it's not normal circumstances, so it's not good to say.
According to the current structure ,we first need to break the low before to start looking for a possible move up !
The lost the monthly low and just hit a weekly resistance close to the end of a rising wedge. Would like monthly not to close above low 1200's Target 930's and 820's
Many bearish signals on the Oslo Boers right now-- at support on an ascending wedge, at neckline of head and shoulders (at a monthly lower high), top of h&s made an hourly double top against resistance that has been steeply rejected twice this year. NOKUSD is weakening temendously and maybe the European oil price cap is impacting the OBX's major holdings (Equinor,...
Solstad Offshore Trend. Bull or bear? Decide yourself!
Many will probably change their positions in Norwegian fish farming companies to Bakkafrost after a bill on resource taxation. Most people were not aware that the political risk in the salmon industry was so great in Norway. Trend lines and pivot lines are determined by a longer time horizon than current charts in a year. Bakkafrost is located in a falling...
Yesterday Autostore was up 120% in 26 trading days. Q3 report on 10.th of November. I do not expect a very good report and price might dump to approx nkr 15. Stock is now very overbought with bearish divergence and shooting star pattern.
“Var Energi” went stock exchange listed in February. The stock is not in any long trend, no what best describes the price is a REC that the price fluctuates in. There is a double top that is to some extent supported by volume. Its width is 6 months. Immediately there is a break of 4%, but since the end of September the price has been hovering above and below the...
i see potential for a long posistion whit an upside of 20 - 25%. as we can see recsi is in an uptrend and has the 100ma and 200ma on the right side. we can also see price rejecting the 100ma and making the 100ma work as support. i would put my take profit at 22-24kr and stop loss at around 16,5 giving us a 1.77 risk/reward ratio.
Table of contents: § 1 About FLNG § 2 The market § 3 Why I am bullish § 4 The risks § 1 Flex LNG(FLNG) is a Norwegian company. They specialize in transporting liquid natural gas around the world for heat, cooking etc. They also create ships themselves, specially created within the CE regulations to ensure safe transport, as natural gas is highly flammable and...
Looks like 5 waves complete with ending diagonal in C of 5 of 5 .. Cannot find any news accompanying except supposedly successful CEO steps down after only few months
This is art and not trading advice. Please do your own due dilligence.
YARA is in a horizontal trend channel if you look a year + back. It is supported by the long averages. On the latter, the short averages are declining. The price has been between 393 and 500. In Friday's we had a marginal break down of 2.15% with slightly increased volume. Today, the stock is testing the floor of the trend. The stock is oversold in the short...
Bounce on the lower side of RSI 50. EMA's looking bad Full YTD downtrend Wait for possible bounce in supply zone, or lower low, might happen.
Hello dear Traders, Here is my idea for #NEL Wait for daily close above the yellow trigger line (previous month high) to enter trade. We try to anticipate a 2-2 bullish reversal in the weekly chart Targets marked in the chart (black lines) Invalidation level marked with red line Good luck! ❤️Please feel free to ask any question in comments. I will try to answer...