OMX 4% downsideShort term trend for OMX looking bearish. Looking to alter some cash and pick up HSTECH.
OMXS30 trade ideas
What if it crashes like in the past?Just a fun thought experiment. What if you superimposed the 2001 and 2008 crashes on the graph today? Turns out it would land squarely on some very important resistance lines.
MACD on weekly looks absolutely terrible, which is what led me to believe we have passed the "euphoria stage" and are now heading towards a market cool-down.
OMX at its last breath. Big short already started.OMX at its last breath. Big short already started.
Rising wedge and channel roof in sight before bear market? We can see several reasons that the fall of 2021 will be a tight squeeze for the market. Here are some pointers to look for.
1. Long term rising wedge formation with conjuction and consolidation also in the daily channel, The period between october to december-21 will be the beginning before B-leg starts towards mid MA at 2235 region.
2. We need a B-leg correction to move higher towards 3000 target.
3. RSI in over bought position has never really taken a dip into the ocean since february-21.
Some positive signals though, 3000 is the long term target in Q1-Q2 2025 and all of the MAs and Fibbs are pointing upwards so far towards the target.
MAKE OR BREAK OMXS30?What comes up must come down. Or up.
ATH and looking weak according to Moving average and FIB levels.
The OMX value begins to decline. After analyzing the Swedish stock market index, I noticed that values of telecommunications, network and banking companies started to depreciate.
There is a large volume on each of them so a price drop on OMX index is possible.
Companies such as SWEDBANK A, ERICSSON B, SV. HANDELSBANKEN A, TELIA COMPANY have been losing value for many months.
#OMXS30 to bottom around june 2021 at 2000 level.This is my best guess for OMXS30. breaking back down into the trend channel. Looking for a bounce of the channel-bottom at about 2000 in early june.
OMXS30 timber!!!The swedish market index has had a very unhealthy bull period with a increase of almost 60% in 1 year, it did hit a major trendline this week and bounced, the rsi indicates overbought, i will probably place a short position when the market opens on monday
OMXS30, (1M) Melt up is hereMelt up is here just like in 99/01, only question is for how long can it go on?
I see in best case we go to 2300 (~7%), but you never know may as well end in disaster next week, or even blow pass 2300.
Be careful out there, i'm starting to cut down on positions from here.
OMXS30, (1D), Support linesWe may see a support line at 1900~ but if it goes through we could be in for a ride and a correction of atleast -10%
OMX30 - Continue uptrend at trendline bounce or building up H&SMy analysis of OMX30
- Either bounce on trendline or continue down to next trendline and support.
- If we continue to the last trendline I want to be prepared for a Head-And-Shoulder even if it is to early to say right now.
OMX at ATH - Big drop incoming?Following the trend since mid july. OMX has now hit it's ATH while simultaneously hitting top of the long trend. This suggests going short for 2 weeks. Any thoughts?
