Photocure $PHO test breakout from ascending triangle formationLook for increased trading volume confirming breakout above NOK 94
QuantaFuel trading at last relevant support – mind the gapQuantafuel executed an extremely successfull round of financing after strong newsflow, but is currently trading at last relevant level of support.
Note the volume profile in the chart.
Investors could try a new long position at this price level, but should have a keen eye on risk management. Or do the safe choice, and wait to see if the stock bounces.
NEL stock pulling back sharply after Nikola crash - but no panicAs expected in previous trading idea, NEL falling under important support confirmed the double top sell signal.
But NEL is a stock that has experience several huge volatility events in the past, with earlier drops from top to bottom as large as 53 and 58 %.
Compared to those the recent drop of 36% seem to not cause any sense of panic among the shareholders at all, especially considering that Nikola short report hit at the exact same time as the large US tech selloff.
Investors should consider the volume profile and be a bit patient to see if the stock consolidates already, or that some more time is needed for the market do do its price discovery.
Significant insider by reported this week:
(Oslo, 25 September 2020) Bjørn Simonsen, VP Investor Relations & Corporate
Communication of Nel ASA ("Nel") has today through Simonsen Invest AS, a company
100% owned by Bjørn Simonsen, purchased 100,000 shares in Nel at a price of NOK
15.39 per share. After the transaction Bjørn Simonsen holds 1,616,138 shares and
616,000 options in Nel.
Cloudberry to the clouds?Ride the green wave they say, this green gem cloud_me currently trading on m-market might just be a ticket for the ones who got on the green train too late. A pattern and a pathway is soon establishing. By the looks of it, a bullish pennant or bull flag, maybe a bit too early to see. Read a little here about it www.cloudberry.no make up your own mind but clean wind and clean water energy is thumbs up at the moment. Also, with electricity currently at rock bottom price this looks juicy!
Photocure $PHO trading above previous top as shorts reduce posThe Photocure share price has been increasing steadily even in the face of short sellers thas has been adding to their positions in Photocure stock for three weeks straight.
With the stock now trading above the last top, longs will be hoping to see a short squeeze effect in the the price development.
Recent 50SMA / 200SMA golden cross.
Top 20 ownership increasing steadily.
SHORT: Headed for bankruptcy....Norwegian Air senior execs are now desperately pleading for additional funding to make it through the winter. Its not looking good. Sounds very much like the last gasps for air before bankruptcy proceedings start.
Competitor SAS has been bailed out by Denmark and Sweden, but Norwegian Air has already burned through its bailout from Norway.
All the healthier airline stocks have been going up lately: Delta, EasyJet..... but NAS is still headed down and will have to be diluted further in the unlikely event it racks up even more debt.
I have sold off all my holdings to save what's left before the stock plummets to zero end of this year or early 2021.
MarketScreener has this stock a buy at 0.6, down another 40%......
Sad to see Norwegian Air head into bankruptcy yet again......I have enjoyed their quality budget flights.
NEL hit by Nikola Short hit piece - mind the gapWith the Hindenburg short accusation report against Nikola, the price of the NEL stock has come under pressure, indicating a possible double top pattern and putting the subsidiary offering in doubt.
The stock need to protect the last major support level at around 17.5, or the clearly visible gap in the volume profile will come into play as large amount of recent positions come deeply underwater.
With new strong disruptions to major markets, a major crash in the share price to more solid support levels in the 12-14 range can not be seen as impossible
However, any strong comeback from Nikola could cause a strong reaction to the upside.
Attractive play to consider a trade with tight stop loss. :)
I think AKERBP will find support where we currently are.Historically we've arrived at a very significant level. (red circles)
And FA puts a price target of around NOK 210,- on AKERBP.
So I expect AKERBP to find it's way back up again around this support level. Obviously we'll have to monitor lower timeframes to wait for confirmation, but definitively worth giving a mention already!
When to buy ODLOdfjell Drilling still has this big gap looming overhead from the Corona crash. And made a strong recovery impulse after.
At the moment it seems to be in a retrace.
The reason I highlight ODL right now is because a couple of things line up nicely. We'll have to be patient to get to the ideal buying moment, but we will get there!
The fibs line up beautifully with the horizontal resistance/support areas AND we have a downward trendline that we are approaching. This gives us some great things to work with and find a good entry.
Both the 0.5 or the 0.618 fib can be the targets of a retrace. So we either find support where we are currently and break the trendline (green line), or we go one step further down to the 0.618 fib and (hopefully) find support there before we break the trendline (orange line).
But as long as this trendline is not broken, don't think of a buy!
Target 51,- this week? Just broke up from a descending triangle. Met resistance at second previous high at 49,4
If we in the next few days manage to establish above 49,4, the 51,5 resistance should be easy to take out.
Just broke significant resistanceWe just broke significant resistance trend line (orange). Met first resistance at emission price at 37,50,-
The breakout has moved us closer to DNBs target at 68,-
Are we going to have a long time with range trading here? I've taken a closer look at BWLPG
As can be seen on the chart, there are two major resistors in the course and I have marked it with orange boxes.
It is not in range, but if you look back in time as shown on the chart, you can see that the price is doing well within this framework (price action)
MACD - is positive and has lots of give of yet and has been in uptrend for a while.
RSI - Is above average and is positive and has also been uptrend since March 24. there are also plenty of give of yet.
Trend line - downtrend from 2014 July to 2020 juii has been broken D 20 Aug 2019 until March 2020 due to Covid19 and therefore smoked below the trend line again, but has now here again broken through in July and is still up above
This stock is moving closer and closer to the MA 200 so this stock might be good to keep an eye on.
If you are in the stock, I would say as long as it stays above price 26 it makes sense and is a team.
This stock is jumping a lot due to its product - it will be normal with many outcomes.
act with care
Disclaimer: im not in this stock
OBX: KOGLost support at the 0.382 and trend broke down.
Weekly squeezing
Expecting a heavy bounce of the 0.236 where also Weekly POC is.
Photocure $PHO trading above 50 and 200 SMA after Q2 reportRecent oversubscribed equity offerings done at 76 and 65,5 NOK after repurchasing global Hexvix ownership from Ipsen now securely in the money.
Recent newsflow:
13.08.2020 Photocure appoints Genotests as exclusive partner for Hexvix in Chile
08.07.2020 Photocure's partner Asieris Received China NMPA's Approval to Start a Global Phase III Clinical Trial for APL-1702 (Cevira)
01.07.2020 Photocure appoints Susanne Strauss as Vice President and General Manager of Europe
24.06.2020 Private placement successfully placed - NOK 76
27.04.2020 Private placement successfully placed - NOK 65,5
27.04.2020 PHOTOCURE REGAINS WORLDWIDE RIGHTS OF HEXVIX
NEL Asa - erst Short dann Long!Die NEL Aktie war in den letzten Wochen in aller Munde. Wer auf den fahrenden Zug aufgesprungen ist, hat vielleicht mit viel Glück etwas Gewinn einfahren können oder gar Gewinne mitnehmen können. Wer die Rally verpasst hat, sollte wie so oft Geduld aufbringen und auf den richtigen Einstige warten, denn dieser wird wie so oft kommen.
Auf dem Weekly Chart sehen wir nun eine reversal Kerze, die lt. Preis Action für Verkaufsdruck steht. Es ist definitiv möglich dieses Szenario zu spielen und einen Short-Versuch zu wagen. Spätestens kurz vor der markierten Nachfragezone sollten die Short-Positionen aufgelöst werden und über mögliche Long-Einstiege nachgedacht werden, welche dann eher langfristiger Natur sein sollten, wenn man die erste Rally verpasst hat.
Die Analyse ist keine Kauf- oder Verkaufsempfehlung.
