All
  • All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Views
Write a Squawk
No posts
  • Article / 25 April 2017 at 12:00 GMT

    Mid-session Europe: Stocks gain, French de-luxe M&A steals the show

    Saxo Markets
    Denmark
    Mid-session Europe: Stocks gain, French de-luxe M&A steals the show
    European stocks edged higher on Tuesday, with a €6 billion acquisition by French luxury-goods group LVMH of Christian Dior's fashion subsidiary keeping the spotlight on France a day after markets rallied on the outcome of the first round of the French presidential election. Meanwhile the Canadian dollar has been hurt by news of a US tariff on Canadian exports of lumber to the US.
    Read the article
  • Squawk / 23 October 2016 at 18:20 GMT
    The "find a low watching" is now getting desperate in Ericsson (ericb:xome). With Friday's bearish close two days following a cycle date the last thread of hope is the relation between the closing price of SEK 114.30 to the SEK 45.09 close this past Friday which is 360 degrees...for those into conspiracy theories 1+1+4+3=9, 4+5=9 :) etc...or perhaps they should just appoint a new CEO...
    Read the Squawk
    3y
    fxtime fxtime
    It is remarkable watching that equity price erosion.....especially considering what they were once valued at. I suspect Ericsson will become the next classic economics case study along...
    3y
    Johan Berntorp Johan Berntorp
    Yes, why not. Appears to have been miss-managed...
    3y
    Patto Patto
    i thought this is supposed to be a FOREX page............
  • Squawk / 12 October 2016 at 21:53 GMT
    Ericsson (ericb:xome) could be worth some commentary as the former national treasury goes belly up and lose 20 % of its market cap in one single day of trading. Today October 12 price ended up hitting SEK 49 within a few öres (SEK/100). This is a key level as it align on the Gann-wheel to 360 degrees to the peak set in April last year, say it could get some slack to SEK 48. I had originally calculated a low in November but due to a failure denoting a cycle properly the correct calculation is for a possible low on October 19. So we are close, a bit troublesome though that we are in a free fall as we don't like overshoots too far beyond our support pivot. My take is that until we get lower prices beyond October 19 and below SEK 48 - SEK 49 shorts are no longer of interest. Ideally we see a basing pattern from then on which ideally sets us up for a breakout.
    Read the Squawk
  • Trade view / 22 August 2016 at 5:11 GMT
    Medium term

    Either way, Ericsson is staging a break

    The stock of Ericsson has been under severe pressure relative to the broader market. Through August this stock has been moving in a tight range, bu the pattern is set to break in either direction. In this Trade view we are lining up the strategy for how to trade a breakout, bullish or bearish.
    Read the Trade View
    3y
    Johan Berntorp Johan Berntorp
    Ericsson is on the verge of a break lower. The mid-August low has been taken out on a daily closing basis paving the way for the next...
    3y
    Johan Berntorp Johan Berntorp
    This is now on sell, however if price come back and take out SEK 63 the tape would look quite similar to the turn of the Goldminers...
  • Squawk / 21 April 2016 at 19:09 GMT
    The big story in Sweden today, market wise i.e., is the Ericsson earnings release. The stock got killed today and lost quite a bit. Just have a look at that candle! Now, just as we had before when trying a short on this stock before we have longer term indications of SEK 63/SEK 64...we are almost there! On April 30 there is a possible time alignment for a major low coming up...so let's us see where we stand in a week or two!
    Read the Squawk
    3y
    Johan Berntorp Johan Berntorp
    Longer term my guess is it blew its chances by falling past SEK 63 and April 30, at least for now. I agree with the bounce. SEK...
    3y
    Johan Berntorp Johan Berntorp
    But then we have the broader market which is at a stand-off here and I see decent chances for further downside in the short term...
    3y
    Johan Berntorp Johan Berntorp
    After reviewing the ERICb:xome chart May 20 stands out as the next date for now...the price relations are looking deep though.
  • Trade view / 01 February 2016 at 6:45 GMT
    Medium term

    Ericsson out of favour after earnings hit

    Ericsson doesn't appear to be the darling of the Swedish market these days. This certainly hasn't changed following last week's earnings release and it might finally be time for this stock to embark on one last, but fierce, swing lower before a larger reversal can be seen.
    Read the Trade View
    4y
    Johan Berntorp Johan Berntorp
    ERICb:xome Ericsson is currently having a balance act on major support within context of an assumed medium term down trend. Once it snaps an assumed third wave...