Fortum CorpOne of Northern Europe's largest energy businesses, Finland's Fortum Corp (€23.51), displaying strong price action as it trades near the upper boundary of a 12-year base.
Not the same industry but the structure is reminiscent of Rio Tinto & Southern Copper back in Aug-2020.
Equity Portfolio Idea.
Nokia to break out?As I see for the last couple of weeks the share price is going down BUT, the acc/dis rising and the ADX is also rising I believe an uptrend is on the corner.
When I see that Nokia is Bringing new orders in from different countries to rollout 5G network and see A/D rising I believe big money is coming in slowly.
As I am a beginner and educating myself and learning from my fellow traders, please don't see this as a professional opinion. I could be mistaken. If any1 in here can help me making a better judgement it would help me correct my view and learn.
thx in advance.
ORION misses investor expectations: Q4 EBITDA -31.3%FUNDAMENTAL:
The company improves EBITDA YoY +9.0% but misses Q4's by -31.3%.
Net Sales (YoY) +2.6% but missed Q4 -7.0%
Outlook for 2021:
Net sales in 2021 slightly lower than in 2020.
Operating profit estimated to be lower or clearly lower than in 2020.
TECHNICAL:
Fibonacci Retracement level suggests Orion's about to break 0.618 level downwards up until 29.60 support level. Besides the RSI 14 touching upper boundaries, the harmonic figure of a Bearish bat pattern might also confirm the change to downward trend which may last until April 19th.
Further digging from 29.60 support is unexpected. the Company's P/E ratio is aligned with that of the industrial sector: 22.84 (vs industry's 21.18)






















