Vicore right now is in the perfect zone for a potential buy. Everything seems to align. Now we just need to wait for a buy signal, preferably on the daily chart. Vicore printed a W-formation. Vicore broke out of it's downtrend. Vicore broke the neckline of the W-formation. After the breakout, we've retraced exactly to the following confluence area: - Neckline of...
Vicore has to get above the resistance around 19.00-19.50 before considering a buy. What we are looking for is a reversal pattern, for example a double bottom.
Vicore has just completed a retrace to the 0.618 fib and previous resistance now turned support. AND the weekly candle (as it stands) is bullish. Looks like a strong buy signal
So the current resistance around SEK 32,- could be a good moment to take some profit if you've been holding Vicore already as it's around the all time high of July 2017. However, this does not mean that the uptrend has to be over! Just means it's a likely location for a healthy retrace. So if you're looking for good entries I have 2 possible scenarios: - Green...
The fundamental outlook for Vicore is extremely bullish with a target of SEK 41,-. So I've been looking at a good entry for quite a while now. After the most recent rejection at around SEK 20,-, VICO seems to be finding support on the weekly chart. Both the 200 MA (thick black line) and a horizontal support area are credit to that. The black arrow, creating a...
Vicore did not manage to hold the short term upward trend line, so an entry around 17,9 SEK would be a better bet for a trade. But I would be hesitant to enter without 17,9 being confirmed support a couple of times.
Vicore broke through a short term downward trend and seems to be ready for an impulse. The upper trend line in the big trend channel has too few hits to be certain, but an impulse above 20 SEK is not impossible.
Following its linear regression trend channel nicely CRS is dropping , i like to use the comparative relative strength held up against the market in which the stock is, in this case OMX30 Sweden RSI is holding above 50 which is fine MACD keeps shifting trends Probably needs a catalyst for an impulse Redeye gave it a good push with an initiation of coverage
Vicore is in an interesting spot. Candlesticks seem to respect the support zone, gathering strength for an impulse. Also MA50 is soon to act as a support as well, and RSI shows that there's a possibility for an impulse as well. MACD is a bit more negative, but if it will dip into the support zone, it might not make it all the way down to the trend line before an...
I'm going to look at VICO with a bullish bias because of the fundamentals that give a target of SEK 41,-. So let's start with the weekly chart on the right: For a bullish scenario the support of 14.30-14.90 needs to hold. We just got rejected by the cloud, but if we can find meaningful support the weekly cloud is getting very thin up ahead, so will be easier to...
VICORE seems to be finding support on the daily cloud, whilst forming a bull flag. HOWEVER, Vicore needs to get above the 14.65 support for this to stay valid. IF we see a nice bounce from the current support, a buying opportunity is likely.