positive earnings and a big hype around this stock where the goverment says it not going to back it up and then bying stocks themself, but remember its a high risk stock ! watch the omx s index
probably pb to ca 4.00 before breaking trendline
We see a channel where the price have been in, majority of the time.
The circles indicates extremes, circle on top is a result of low interest rates and Covid money supply and the lower one is the correction of the first.
This volatility have tested many industries, especially real estate.
Have we reached a point where the channel is attracting like a magnet...
Bullish divergent on the RSI weekly timeframe and a reverse pattern in form of a faling triangel. If we can brake through we might see a strong move up to 6:- and possibly even 10:-
Thees really seems to be a verry nice bearflag going wy lower. But at the same time we are at a nice suppor level. So here we just stand by and watch where the price will go.
If we see a fail of reetaking the flag botom, it most likely is bearish.
We're currently close to the middle and I closed my positions. The price has no clear direction of where it's gonna go now, so now I will wait until we either move up to look for sales, or move down to look for buys.
