Share back above pivot and EMA cloud.
Current: 82.74
Stop: 79.40
Long target is the possible gap close around 86.40 as well as swing highs near 88.62.
Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings.
RSI and price are divergences and this means volatility is decreasing and a chance for price falling down to major support channel 71.5-75.
Set Alarm for entry on support after confirmation bottom reversal.
Storebrands operates in banking, asset management and insurance.
The insurance segment has filled up its coffers according to the solvency II regulation, meaning there should be plentiful of cash accessible in the future for dividends which should interest investors looking for good cash flow and dividends.
The trade is not a super exciting trade but feels...
Risky trade this one, but I want to try to get in early.
STB has probably entered a sideways trend channel ranging between areas 63,25 and 70,50.
Price, MACD and RSI have all reached previous lows and I take a shot at these levels, hoping they act as support levels.
Stop loss could be set below 61,74.
EX dividende nok 2,50 12/4-2018
