For those interested in technical analysis and stocks, here is a quick technical analysis of the Danish Pharmaceutical company Zealand Pharma (ZEAL:xcse).
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.
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.