BNF trade ideas
Trading Idea - #BillerudKorsnasBillerudKorsnas specializes in the manufacture and marketing of packaging products and materials made from virgin fiber.
- very intact upward trend with corrections about 5% to 15%! Wait for a min. 5% correction to buy or re-buy!
- Fair price 145.00 SEK
- 180 SEK becomes a mid-term resistance level!
Billerud is maybe an interesting investemnt in paperWith rising prices in woods the swedish paper producent could get a lot more margin in the next years.
Currently a little bit expensive, I'll wait for the next weeks to get it near of MA200 (4h) / MA100 (1d).
On Watchlist with a possible long setup
BillerudKorsnas (BILL) | Promising Buying Area!Hi,
BillerudKorsnäs AB (publ) provides fiber-based packaging materials and packaging solutions in Sweden and internationally. It operates through Packaging Paper, Consumer Board, and Corrugated Solutions segments. The Packaging Paper segment offers kraft and sack paper for industrial, medical equipment, and consumer sectors; and pulp.
BillerudKorsnäs have started to approach a pretty promising area. Fundamentally and in the numbers world, it looks pretty decent and technically, as said, starting to enter into the buying zone.
As we should already know, perfect trade and a perfect investment consist of good fundamentals and it also needs to fit with technical analysis.
Considering technical analysis, I can give you a green light to buy it from the marked buying-box but the second green light has to come after you have made your own research if you get it then you are ready to GO!
Buying-zone consists of:
1) 2004 and 2006 clean resistances becomes support level, plus nice breakout candle in 2013! It shows that the area is powerful and it increases the odds that this price zone may start to act as support level!
2) Fibonacci retracement 62%
3) Monthly EMA200
4) Channel projection - lower projected trendline should act as a support level.
5) AB=CD
6) 50% club!
7) Fibonacci Extensions acting as support levels.
Long-term investors can start to add their positions around 75.
Mid, short-term traders/investors should wait for 70, at least!
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...SKIP IT!!
Regards,
Vaido
