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  • Squawk / 08 September 2015 at 13:07 GMT
    Client Experience / Saxo Bank
    Denmark
    Hi all,
    For those interested in technical analysis and stocks, here is a quick technical analysis of the Danish Pharmaceutical company Zealand Pharma (ZEAL:xcse).

    Background:
    ZEAL experienced an unsustainable upwards move from start juli which culminated in an all-time high of 166.XX on juli 30th.
    From August, ZEAL is forming a series of lower highs and lower lows which indicates an intermediate countertrend. more bearish IKH signals confirm this.

    Going forward:
    The uptrend from october 2014 (green trend line) have had ca. 4 touch-points, which could indicate a strong potential for support. For the same reason I am looking for a clean break and subsequent consolidation below the trend-line in order for me to go short.
    At a bullish break of the downwards channels (blue lines) + bullish IKH signals, I'd look for a good long entry. I'll be looking closely at how volume leading up and following a break to the up- or downside.
    Either way September should be interesting.
    Read the Squawk
    4y
    Simon Kjaer Simon Kjaer
    Comments are obviously welcome :)
    4y
    pkl pkl
    First you should argue why TA is relevant for Zealand Pharma. Does TA give good predictions for that company - e.g. did you perform a historical analysis?...
    4y
    Simon Kjaer Simon Kjaer
    Hi pkl,
    Thank you for your comment. TA is a controversial method of analysis as it never accounts for the fundamental factors of a company or economy....