Pricer B was on a strong stride upward, ready to establish itself above 25 SEK and then what happened? They released their financial report with some numbers that the market reacted negatively too. But Pricer B is fundamentally a strong company which was inevitably affected by COVID-19. The market saw the panic selling as a buying opportunity and the stock is once...
As expected, the impulse happened today and Pricer B has once again established itself above 25 SEK. Judging by RSI and MACD, there's still strength left in this impulse and we have some interesting days in front of us. I would like to see the stock establish itself above 25,8 and then some nice price action can be expected in late July.
For a while now, Pricer has been consolidating below 25 SEK but generally holding the 24 SEK support level. Now, if you look at MACD, RSI and the fact that it broke through the short term triangle, we might see 25 SEK being broken again and hopefully Pricer will start its journey towards pre-corona levels.
Although Pricer B is in the upper part of the trend channel, it looks like the consolidation between 24 SEK and 25 SEK will soon result in an impulse. It'll be interesting to see if this triggers an additional impulse through the top trend line.
I was wrong about a dip in Pricer B, it has established itself about 24 SEK. I would like to see 24 SEK being confirmed as a support one more time before calling it a strong support line.
Pricer B got a strong impulse above 24 SEK but has now been struggling to stay above that line. It looks like it is ready to dip down to the lower trend line (or perhaps bounce on one of the support lines) before another impulse can be expected.
It looks like Pricer B is attempting to consolidate above 24 SEK, which is pre-corona crash levels. If the consolidation is successful, goods things will follow!
If report on 13 february comes in below expectation it might screw up original scenario. If 18.00 holds it could be a good opportunity to get on board.
