After an accelerated trend channel during the first 6 months of 2020, the stock has made a bullish retracement flag marked by the red channel. Last week and today it has shown the strength to break out of the bullish flag formation, and looks technically ready for a new bullish rally.
Still in Bearish trend, and does not seem to be stopping yet. as RSI and MACD is rejecting to be breaked out. However I belive that it is near the end before Bullish reversal. with unknown Bull target.
Coloplast is in a solid uptrend that goes years back. However, this resistance needs to be crossed in order for it to go higher. One could then wait for a small retracement to the black line that then needs to hold as support for it to bounce further up to 900 DKK
I think there is a good chance of this one rising to an all time high.
As long as there is no daily close below 425, BUY on a breach (confirmed by daily close) of the blue line. STOP below the hammer in the 420-425 area. Tighten stops when the 480 area of trendline resistance is reached. Speculate on a breach of these trendlines but dont be too patient with it. TARGET 560-580 for a conservative target or 600+ for a more aggressive approach.