Cup & Handle Formed, wait for breakoutLooks like we have a classic cup and handle formed.
We had Volume dry-up on the way down and in the bottom of the cup and shaked the weak hands out. Then followed by lots of volume on the way up and dry-up again through the handle of the cup.
To minimize risk we need to to wait for volume to increase and break the resistance at the high of the cup and then the pattern will be complete.
Control your risk, have tight stops and targets in mind before entering a trade.
Disclaimer; this is not a tr
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Swedbanknear time it could cover the dividend which is 8%. once the the buyers who caught the bottom have got there 10% and the dividen has been paid i expect theprice to double bottom on 150 (nice round number.
# If interst rates rise in Sweden this will be positive, at the momemnt this will be reveiwed again in may...
SCA_B Swedish Cellulose Here we see the hyper bullish SCA_B at the end of a 5 wave cycle having out performed most Swedish stocks since the 2008 Financial Crisis.
Price Spiked up beyond a 6.18 projected fib trend line based on the first impulse wave after which price has sold off very quickly.
Exports have been given a steady and then huge boost by the devaluation of the Swedish Krona against the EUR and USD which in the final phases of a EURSEK bull run coincided with massive vertical price action.
Read in conjunct
Swedebank Series ASwedebank Series A shares forms part of a series of charts outlining Swedish stocks related to the current residential correction in Sweden.
Following a major run established at the beginning of 2009 and aided by the Swedish governments quantitive easing program Swedebank shares has completed a potential 5 wave sequence and is currently correcting. The correction has continued down through a series of bearish rallies and has broke through a positive median line set and is now being rejected by
Boliden AB - Interest of smart money investors1. There is selling climax at number 1 on the chart, small investors, for fear of strong declines, sell their stocks. During this, large investors started the buying process.
2. There is a large volume on the downward wave, but the price does not move lower, it means that while one side of the market was selling their stocks intensively - the other side of the market bought them.
3. The price has moved below the minimum level of selling climax, it was a controlled check by large investors
FING_B - CHINA X US G20 - Catalyst Play (Intellectual property)FING_B - CHINA X US G20 - Catalyst Play (Intellectual property)
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