Price got Rejected Weekly H4 Cam Pivots, There is GAP created @ 15.33 to 15.7 between the Blue Lines .
Two scenarios to play in this week :
Scenario 1 shown with White arrows as a new weekly Central pivot is opened @ 14.27 and untouched yet and then go up to fill the gap @ 15.7.
Scenario 2: Shown with Yellow lines First go up fill the Gap and then come back to...
OSL:AKSO
On 1-hour time frame, we can see a breakout of the downtrend pattern. Also, we can see not so nice of invers head and shoulder pattern. To continue of the uptrend we need to wait to break resistance at 15,5 NOK, With the coming quarterly report (15 February) and potential dividends pay we might see AKSO going above 20 NOK in the short term time.
ASKO is forming double pattern, it will reach to resistance 26 soon.
Goldman Sachs has a buy recommendation on Aker Solutions with a price target of NOK 22 per share.
Come monday and the smart money is out. Get two shares per one you own in AKSO. One of the most traded stocks on OSEBX last couple of days, and for what? Too much risk involved for too little reward, especially if stock was bought recently. I am short. Again, not advice, just my personal view. Good Luck!
This consolidation will eventually end, and take a direction.
The obvious play here is to buy here at the lower end of the consolidation. If this breaks out to the upside it can provide solid returns.
