Kinnevik weak negative medium long timeThe long trend has been declining since the end of 2021, but there is a short trend in 2023 where the trend is horizontal, price graph and MA converge.
From January 9 to March 9, we have a head-shoulder formation (HS). The formation is supported to some extent by volume movements. There is a break down, but the object has not been taken out.
At the beginning of the HS formation we have a small double bottom formation (DB). There is break up, but it is quickly neutralized by the HS formation.
If Tele 2 Break down here. Looks like a bearish set up here on a weekly and daily basis for Tele 2.
I am not taking the trade here.
But intesting set up if it would perhaps break down here.
Also. If rate goes up here, when everyone thinking rates will be low or going lower.
This could indeed trigger the bearish set up.
But I guess its all about the timing per usual.
Bonava – bad annual report 2022 and weak forecastsNegative drivers: OMXSTO:BONAV_B
1. Write down of assets in Russia – extra costs for shareholders
2. Growing interest rated ruins the business
3. Lack of liquidity in 2023 decreases shareholders value
4. Additional costs as a result of inflation.
5. Deterioration on real estate market in Europe and bubble growing risk for investors
Additional info:
Looking back over 5 years Bonava returns have been really bad:
- Not growing revenue and even decreasing in 2021 vs 2020
- Decreasing net profit
S
SINCH longSINCH was a trading in downtrend since september 2021and from its peak at 205 SEK fell to 13.60 SEK but recently it seems downtrend has exhausted and bulls are in full control. Share is gearing up and alreday upto 112% and has long way to go. Moving average 21 and 84 are providing dynamic support now. In the short term we can target MA 200 which is potential next target. Last friday, we saw green candle with huge volume which is good sign for bulls. We also bullish engulfing which is sign of
M8G in down trendM8G is fundamentally performing well and expecting a growth of 25-30% per year. However M8G share is trading in down trend channel since July 2021 and still creating lower highs ans lower lows. Current level is important level, if it break down then next support is around 13,5 SEK.
#M8G #technical-analysis
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