SinterCast did not dip as far as I thought in my previous analysis, instead it formed a beginning of a cup and handle. 160 SEK looks like a strong psychological support level, but I'd imagine it could dip a bit below 160 SEK before an impulse happens.
It shouldn't come as a surprise that the support level was broken as it wasn't an established support with several confirmations. My assessment now is that SinterCast will head down to the green support zone I have drawn up. Most probably it'll bounce around 146 SEK to a new impulse.
I've marked out interesting events in the recent history of Sintercast. It impulses above a resistance zone, confirms the support and in one case fails to hold it. This time however, it seems like it will respect the support and an impulse might happen above the upper trend line. This is about as wild of a guess as I dare to make, but it looks interesting. Judging...
Sintercast is in an upward trend, confirmed by the support of the trend line. It looks like it will once again dip down to confirm the trend line support before another impulse. Will the next bounce be around 138,2 SEK? We'll see!
