Technical Analysis
Invalidation: A decisive breakdown below key support zone weakens the Wave 4 scenario.
Fundamental View
Verdict
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
- From the lows at 445.10, Saab AB advanced in a strong impulsive structure forming a 1-2, 1-2 setup and extending into a powerful higher degree Wave 3, topping near 748.8.
- Post that high, price has corrected in what appears to be an ABC zigzag, with Wave C reaching the 1.618 Fibonacci extension of Wave A from B near 641.
- A bullish hammer has formed at this zone, hinting at a potential short-term reversal.
- If 641 holds, we may see an X connector rally toward the 0.5–0.618 retracement zone of Wave W between 681.5–697.3.
- After that, a possible final Wave Y decline could unfold toward 569.1, which aligns with the 0.618 retracement of the entire Wave 3 rally and a broader support cluster.
- Completion of this correction may set the stage for Wave 5, potentially pushing price beyond 748.8 toward 800+ SEK.
Invalidation: A decisive breakdown below key support zone weakens the Wave 4 scenario.
Fundamental View
- Revenue has grown strongly over recent years, especially post-2022. Free cash flow remains positive though volatile.
- Operating margins and ROCE are trending higher, showing improving efficiency and capital usage.
- However, long-term debt has increased and valuation remains stretched with a P/E around the mid-50s.
- This is not a cheap stock. It is priced for continued strong growth.
Verdict
- Technically, Saab appears to be developing a Wave 4 correction within a larger bullish structure.
- Fundamentally, the company is solid — but expensive.
- If support holds and structure confirms, the larger trend remains bullish.
- If growth slows or support breaks, downside risk expands quickly.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
WaveXplorer | Elliott Wave insights
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.