Identifying a Shooting Star Pattern on the ChartI was tracking a Swedish stock recently, and a very clean candlestick pattern popped up — a textbook shooting star.
The stock is Saab AB, a major Swedish company involved in military defense, commercial aviation, and civil security. Their operations span aircraft development, missile systems, naval platforms, surveillance systems, and a wide range of high-tech engineering services. In short, it’s one of Sweden’s core defense and aerospace names.
While going through the chart, this particular ca
Investing in Europe's defence industry : Saab ABHello,
Saab AB (publ) provides products, services, and solutions for military defence, aviation, and civil security markets Internationally. The company operates through Aeronautics, Dynamics, Surveillance, Kockums (shipyard), and Combitech (technical consulting) segments.
The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft. It also provides ground combat weapons, missile systems, torpedoes (self-propelled underwater missiles), unmann
my first technical anysis ever.The reason of this analysis is to draw an triangel formation, the green drawed up arrows are where i think the stock is going to reverse into bullish market.
The company also has an quarter report near that are, since 2019-01 the quarter reports has been very positive about 20-25% + in revenues.
Last quarter they signed some of the biggest clients and also existing schufa credit firm confirmed that they liked the cooperation by ordering more services from Zignsec.
I dont think its an coincid
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