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ABB of SwedenABB went sideways in a wedge pattern since 2009 and broke out to the upside in February of 2021. The stock is in a strong upward trend and is showing confirming downward/sideways flag patterns. After the recent breakout to a new all time high (ATH) the strong trend is likely to continue and the stock seems to be going through a fundamental reevaluation by the market which seems to have discovered the potential of the company, which is operating among other things in the automation and robotics segment.
OMXSTO:ABB
by r9k4ipg5fs
Trading Idea - AAC #ClydeSpace (mid-term/long-term)BUY ENTRY: 2.285 SEK TARGET: 2.910 SEK (27% profit mid-term) STOP: 2.130 SEK AAC Clyde Space AB, formerly AAC Microtec, is a company based in Sweden, which is mainly active in the aerospace industry. The company operates as a provider of space solutions and systems for state, commercial and educational purposes. 1.) The current zone represents a good entry point for investors who are interested in the company over a medium to long term period. The securities is near the support at 2.00 SEK - calculated on weekly rate data. 2.) The predicted growth for the coming year is one of the strengths of the company. 3.) The financial situation of the company looks excellent, which gives it a considerable investment capacity.
OMXSTO:AACLong
by Traderherz-Analytics