duco1

duco1

NOD has reached a crucial area. The 0.618 fib, plenty of horizontal support and the 200MA coming up as well. What concerning are the huge amount of gaps below still all the way to NOK 66.40 (gray lines) AND the strong continuous downtrend we’ve been in lately. So bullish candles and break of the downtrend before touching NOD again.

duco1

So we are at support with potentially some bullish candles. Possible we’ll see continuation to the upside from here as we are at the 0.382fib. Will have to be watched closely, as is prefer a larger retracement before buying. But if the black downtrendline gets broken, another run to the usd 27,- area is definitely possible.

duco1

SB is close to reaching a strong buying area around the 0.5fib. Waiting for completion of the M formation and bullish signs to confirm.

duco1

Waiting for test of the support area around the 0.5fib AND break of the downtrend (black arrow).

duco1

GOGL is reaching strong support on the weekly chart. - horizontal support - 50MA weekly We could see the start of wave 4 from around this level. Now we need to wait for confirmation on lower timeframes.

duco1

Shell has been in an uptrend for almost 2 years now, but in my opinion is due a correction. On the monthly chart we printed a bearish engulfing candle (not shown here), so a temporary top is probably in. So looking for bullish signs once we reach the 0.382 or 0.618fib levels, at EUR 21.30 and 16.80 respectively.

duco1

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...

duco1

NOD has made a W top formation, retested the neckline and is continuing its correction down. Areas of interest are marked with red circles, being the 0.5 and 0.618fib retracements, lining up with horizontal support as well. Once NOD gets there, we need to look for potential buy signals.

duco1

Safe bunkers seems to be creating a top formation. For a potential buy at least wait for a new bullish structure on support. Reasoning: Uptrend broken (black arrow) Bearish divergence with the RSI (green arrows) In the process of creating a lower high However, we did create a W-formation after the drop, which is bullish. However, the right time to buy is on the...

duco1

We’re not there yet, but the downtrend seems to be exhausted. Now a break of the downtrend (black arrow) AND the resistance area of NOK 20,50/21,- needs to happen and a potential W-formation is formed (see orange scenario).

duco1

Option green: Retest of support and creating good entry at around SEK 66,-. Option orange: Break of overhead resistance, probably going to test the 50MA (blue line), before retracing to the new support around SEK 74/75,-, hopefully creating a good entry signal in that area.

duco1

SNI made a great breakout after its retrace to the 0.5fib and the 200MA (black line). We just got rejected at overhead resistance and I’m waiting for a retest of previous support around NOK 123-125,- AND the 50MA (blue line) before looking at an entry around the area I’ve marked with a green circle.

duco1

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.

duco1

Be aware as GOGL uptrend might be coming to an end. Keeping an eye on the possible formation of a head and shoulders here. The area of resistance is around NOK 96,-. Of course, still many options in play, but if we retest this area and get rejected the likelihood increases.

duco1

Ericsson broke above structure after creating a W-formation and seems to be going for a retest of support. If it holds that will be the perfect level for a buy.

duco1

Right now at resistance, low probability entry. Either needs to break resistance or revisit support and create a double bottom or something similar.

duco1

GBP/EUR is forming a bearish wedge on the chart. Already bearish divergence on the weekly. Usual scenario is one more push up to create a third touch on the upper edge of the wedge, before breaking down. (See green line). However, if the lower edge gets broken, the pattern might play out sooner.

duco1

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