Given NATO admonition to political leaders to prepare for possible confrontation with Russia in 5 years and the deterioration of the situation in Ukraine, the EU has decided a massive plan of arm production where states are the customers of defense companies.
defence-industry-space.ec.europa.eu
The SIPRI Arms Industry Database lists all major producers...
Seems like the poroblems in the world and swedens neutrality hae changed sharply. The familjy of 3 i sweden are all invested in SAAB. feels like we are going to have a blowof top. You can se the big bull flag here and the target of the rising triangel 5 last wave.
I would like us to retrace before we continue up, if we go up from here i expect a bigger retracement in the future and the continuation to be weaker. Bascily if you want SAAB to continue up in the long run you want a healthy retracement here.
I can see SAAB to go up to 790 based on trend-based fib extension. After the retracement, if we hold the bouncing levels.
The Saab B stock looks to be rolling over following a war-boost theme in 2022. Momentum is going down and R/R is beginning to look tempting. The 420 zone could be a good entry point.
The main focus is as the comment describes:
"Testing weak support for the fourth month in a short period of time,
if it breaks I expect a move down to around ~ 260."
The second most important thing to be looking at is that it never really recovered from december lows, while the rest of the market went mooning to new heights.
Entering half of my intended...
Holdings like Investor AB or IndustriVärden own Saab. They are like a family business owners, for this reason I recommend you to check this type of business out!
