All
  • All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Views
Write a Squawk
No posts
  • Squawk / 15 August 2016 at 19:54 GMT
    Looking through the charts following today's Swedish session there appears to be small range candle-stick body bonanza. The OMXS30.I (SWE30.I) managed to print another one today. VOLVb:xome, NDA:xome, SWED_A:xome, BOL:xome, INVEb:xome to name a few. The markets appear to bo coiling up for a larger move now...
    Read the Squawk
    3y
    DudetteUK DudetteUK
    Thanks for taking the time to answer. Yes, like you, I keep looking at that AB=CD completed for both ES and NQ as well as the 1.618...
    3y
    Johan Berntorp Johan Berntorp
    Agree, at this point this market doesn't look like it has much of an r/r for longs...
    3y
    DudetteUK DudetteUK
    Indeed. Less and less volume, could be blamed on August, but ai think that nobody is really enthousiastic at those levels, as the rally has been relentless...
  • Trade view / 08 August 2016 at 5:25 GMT
    Medium term

    Third wave breakout possible in Volvo

    The Swedish industrial complex is at a very interesting and delicate juncture. Bears have a slight upper hand but a break above key resistance levels from last week would substantially alter the odds. In this trade view we will be looking at Swedish truck maker Volvo, which has a straightforward chart.
    Read the Trade View
    3y
    Johan Berntorp Johan Berntorp
    Hmm, I would really have liked to see a more explosive break...but it has managed to get above the SEK 91 level and we actually have an...
    3y
    Johan Berntorp Johan Berntorp
    We saw a reaction at the Gann SEK 96 pivot which need to be cleared (obviously) for more upside. We are most likely heading higher still even...
    3y
    Johan Berntorp Johan Berntorp
    This trade was good in the green, and as such we do not want to allow it to go red. I think one can take what little...
  • 3y
    Johan Berntorp Johan Berntorp
    A break back below SEK 86 could see a re-test of SEK 80-SEK 81 area. So the stop could be moved higher to for example a daily...
    3y
    Johan Berntorp Johan Berntorp
    Five waves up heading into pivot resistance, short term traders can take profit as a pullback appears likely.
    3y
    Johan Berntorp Johan Berntorp
    Stalled at SEK 91 today again, that pullback is getting closer...if we get one to say SEK 86 and then a break above SEK 91 it might...
  • 3y
    Johan Berntorp Johan Berntorp
    Cycle date today as explained in the analysis/trade view above, moving higher into such a date could mean reaction/reversal lower.
  • Squawk / 01 April 2016 at 9:44 GMT
    VOLVOb:xome the truck maker is at an interesting juncture from a price and cycle perspective. If the November 9 started the last descent, and if the market turned on January 21 - which I think is the case. April 3 (Sunday) is a key cycle date as the number of days of the ascent would equal the number of days of the final decline. From a price perspective SEK 73 (close to the actual low), the low on January 21is at a 180 degree alignment with SEK 91. The low on January 7 at about SEK 71 stands in the same alignment with SEK 89 which we are trading at today. From a longer term perspective the stance on this stock is that we are likely to see more upside later on following a pullback a pullback that could very well kick-off today or Monday. In any case R/R for longs doesn't look too good...rather one would look to BTD at lower prices following a three wave punt to the downside. There is also obviously the risk that the bounce is over, better R/R for bears...
    Read the Squawk
    3y
    Johan Berntorp Johan Berntorp
    Ex-dividend date April 7
    3y
    Johan Berntorp Johan Berntorp
    Almost hit SEK 91 yesterday and now clear bearish pressure.
  • Squawk / 07 February 2016 at 20:11 GMT
    The Volvo stock had a good earnings release Friday, the stock gained in the aftermath...however, the next couple of days could prove interesting. For now I have made one slight change to the wave count and a failure at current levels should pave the way to SEK 69 before mid March. An immediate continuation higher would imply a larger low might be in place after all...as I see it SEK 84 is key for bears and bulls alike.
    Read the Squawk