One of Swedens most shorted stocks is performing really well and still follows my idea of a potentially bullish continuation.
We have reached a price range where it will be decided whether or not we continue upwards. There´s a high likelihood of the price retracing from the 50% or 61.8% retracement (orange color). We will have to observe if it is a bearish or bullish move down when it happens.
As of now the current move up looks very bullish!
We have reached a price range where it will be decided whether or not we continue upwards. There´s a high likelihood of the price retracing from the 50% or 61.8% retracement (orange color). We will have to observe if it is a bearish or bullish move down when it happens.
As of now the current move up looks very bullish!
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