Orsted daily bottomLook for signs of reversal between 300-325. AB=CD to possible channel bottom/doubling of earlier channel and zone.
D2G trade ideas
Ørsted broke multi-year downward trendlineSince 2021, Ørsted has been in a bearish trend overall. A trendline drawn from then to now shows that the stock price has just climbed over it. Looking at the support levels, the price has just claimed the last one at around 420.
Next level sits at 548.
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Orsted - short term long opportunityIntermediate downtrend continuation, short term uptrend - looking for prices between 700 - 720 DKK.
Orsted target 1180 then target 600Orsted is in an ABC correction from ATH. Soon reaching the 61.8% retracement of leg A and then correcting in the final leg C to 600
Same as crypto is doing these days for some reason
Forming of a ascending triangle for ØrstedThere is forming of an ascending triangle for Ørsted on 4hr chart. Possibly a bullish signal.
Renewable Engergy, already in profit?This stock is a "Value" Stock, that already is in profit with renewable energy.
So it is trendy, but not speculativ. It should be a survivor, if "renewable energy" hype will be over.
Speculative first Buy for me, since it touch resistance levels.
At lastThe bottom could finally be confirmed if today's low holds.
If November/December highs clear, new ATH's are in sight.
Do it for the cloutNot really a cloud-trader, but the recent drop made me look for every TA tool in the book to satisfy my urge for confirmation bias.
Since ICLN announced readjustment of %-holdings, this retest of the Cloud Top makes me believe that the long term uptrend is still intact.
RSI showing a potential start for a bull runØrsted, is a safe bet when it comes to the long run, but it even has huge potential of a potential upcoming 50 to 80 percent of increase in the stock price till the end of the year.
The RSI is showing the same pattern as it did before the post-corona bull run it had, while having fallen a little more than the last year correction/crash.
But moving averages are still pretty neutral, though as seen on the chart; moving averages mostly showed positive signs a bit after the start of the bull run.
ORSTED down This monthTænke This month i think ORSTED Down volum up down+ VWAP . Jeg bruger ikke Jeg bruker ikke stop loss for ikke å vise papirene mine til handelsalgoritmene
Orsted double divergence + 200 MA supportPretty simple stuff
Seems like a hidden bullish (continuation) divergence have played out, though it failed so far.
However, a regular divergence is also playing out atm, and could be supported by strong support on the Daily 200 SMA
Dividend registration day is today the 2nd of march, and will be paid out the 4th of march.
Reversal in?Huge wick/Hammer + Volume spike off of the 200 day SMA today - Could this indicate the short term bottom for Orsted?
Orsted possible V-bottomSince my last update, Orsted has been sitting just under the Support at the High Volume Node, and also been shaping what seems to be a double bottom on the 4-hour chart. On a bit longer term it also shaped a bearflag/bearpennant, which should be rejected due to higher time frame trend such a's long term EMA's & RSI.
Currently a hammer-candle is present on the 4-hour chart, with its lower wick touching the excact bottom in the double bottom. Due to the extra consolidation time since last update, I'll remain long in Orsted untill just sub-1400 DKK, as long as this double bottom holds.
