duco1

duco1

So despite of any bullish signals NOD might give I’m very careful simply because of this picture on the monthly. Bearish rising wedge broken and now an attempt to retest. On the latest sprint up, some gaps are left behind as well. For this to become invalid for me, we need to build a solid support first, then we can find our way up again. Let’s see how it works out!

duco1

ABB is of interest because fundamental analysis says it could reach SEK 244,- However, at the moment it doesn't seem to have enough power to break through the overhead resistance just yet. On the 4h chart we have clear divergence between the price action and the RSI, AND we have declining volume. All indicators of a unsustainable trend. In the process it seems to...

duco1

Quick one on my phone. Potentially ODL is finding support here. Good entry would be if the black trendline gets broken. Eyeing the gap at 12.54 and the next resistance around 14-15.

duco1

Same here, just like EURN and DHT, let's keep a close look at the behaviour here, as this could be support that reverses the trend.

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Will be monitoring price action closely here and if support seems to be holding, possibly looking for a good entry.

duco1

DHT has arrived at major support, so I will be monitoring it's behaviour very closely here. IF signs of holding support, I'll be looking for a buy entry.

duco1

Looking at the overall picture there is plenty to be excited about; - Fundamentals give a target of SEK 24. - There is a huge gap overhead from roughly 15 to 24.60. - We found clear support on the 9.4-9.8 area. However we've just arrived at a pretty significant area of resistance. Both a horizontal support/resistance area and the 50MA. So ideally I want both...

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NANO has been able to reclaim the very important 19.50-20.50 area as support, preventing the price from falling out of the daily cloud. So what's going on? - For now, support has been found on the 0.618 fib retrace of the last impulse (13.80-26.50, blue fibs). - 19.50-20.50 has been retaken. - On the weekly a higher low has been formed, which gives us a trendline...

duco1

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...

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'When in doubt, zoom out'. As ONCO is confusing me somewhat with mixed signals, I decided to take a look at the weekly chart only for now. So we are inside a descending triangle. Which got broken to the downside during the 'covid crash', but the price recovered nicely back into it. Long story short, we should wait until the price breaks up or down from this...

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As you know from my last analysis, TRVX gave a buy signal on the weekly chart last friday. Now looking more closely for a good entry. There is a smal gap down to 7.27, which I can easily see filled with a retest of the recently broken black trendline. 2 things will be providing support now, the horizontal support around NOK 6.75-7.20 and the blue upward trendline....

duco1

Fundamental analysts give Targovax a big BUY, with a target of around NOK 19,-. I've been waiting for a clear signal of support lately and it has just been formed. IF the weekly candle closes more or less the way it is now, several positive buy signals are there: - Long term blue downward trendline got broken and retested. Clear support found on retest. -...

duco1 Updated 

So why am i looking at EURN? Because fundamental analysts are giving a target of EUR 13.50. And furthermore a longer term downward trendline has been broken and is currently being retested. If the retest is successful then the next resistance is around 13-14, lining up with what the fundamentals say. Now let's zoom in. Very simple, I want to see EURN back into...

duco1

So the first thing I want to show you is this: In the 'old' days, this stock was trading at well over USD 42,- and since then has made a free fall to the range where it is now. This means relatively little resistance once we break above the top of this cup around 8.90. First stop only at 12 and second at around 18. So pretty interesting on the up side. Now...

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Another interesting one. Fundamental analyses puts the target for this stock at around 98. So plenty of potential! So FRO seems to have found support, for now. Confluence of a horizontal longer term support and the bottom of the weekly cloud (@75.99 currently). When does FRO become a buy for me? - Has to break the blue trendline. - Not break down out of the...

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The S&P 500 for a while now has been forming a bearish divergence between the price action and the volume (green arrows), leading me to believe this upward run is coming to an end. Today we've seen a further sign of this, as the blue (and black backup) trendline has been broken. So now what? - Support at 3065. So expect a bounce there. - Consolidation between...

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SHLF made a huge plummet down after an equally impressive rise just before that. Now, the gap at 3.70 has been filled and for now the trendline (blue) is holding. But it's not a buy signal yet. We need at least a confirmation in the candles and with the support structure before it becomes a buy. - First start is there, the big wick on the current/last candle. Now...

duco1

Analysts, from a fundamental point of view, are giving TRVX huge potential with a target of around 19. Reason enough to look at the chart. So TRVX still seems to find support around 7.00-7.40. I'm looking for a reaction upwards at the top of the daily cloud and thus breaking out of the descending triangle that has been forming. This can happen any time now! If...