Novozymes - bullish longRSI looking strong
MACD bearish, but might turn soon
Moving averages positive.
Seluxit waiting for reversal around 16RSI moving up.
MOving averages looking fine.
MACD bearish due to -25% retracement
Building up for another run
Orpha bearish - sellAll moving averages bearish.
RSI close to 30, but no buyers picking it up
MACD bearish
Broke last support on fibonacci.
Strong sell.
Down we go! but how fare ? Danish bank
Trick code: Danish
Danskebank is in decline and does not seem to stop 🧐
As you can see, all MA lines are negative and especially MA 200 and that means Danskebank is still in decline.
RSI - is oversold and is about to have some new energy, however, it may well continue yet.
MACD - is on a downtrend with negative momentum and has plenty of give of yet.
Friday's trading day ended with a red candlestick with good momentum and landed right on the support line (it is not drawn in, but that's where the price is right now) and I do not take that as a positive sign for Monday, but it can also jump up from here, but I do not think so - we'll see.
But where is it going?
where should it find its next support: candlesticks / news / support lines who knows but I have drawn the next support lines into the chart where I can see it has the opportunity to turn - If it should come under the last support line, is it well on its way to all time low in 2009 "course 31" - But let's take one week at a time :)
Hope you have a good Friday night 🍷
Trade with care 🙏
Bounce to the trendline beat with B&O!Ok, I’m moving in! From the trendline drawn from 2009 we see a possible bounce incoming. I’m fully aware that B&O barely avoided bankruptcy back in June and the share issue that saved them. But from a technical view this is looking far too juicy to just let go. A Long position is established here today. Might not happen just now, but potentially soon. Look at MACD and trendline for triggers.