Get started
Photocure $PHO.OL stock rally ahead of Q4 report - One to watchPhotocure stock reacted with a heavy (overdone?) correction after the Q3 report, but has recovered nicely in later weeks. As mentioned in an earlier TradingView analysis ( ), NOK 36 and downwards presented a very good buying opportunity, which culminated when the correction bottomed at NOK 32,5 which was a very solid resistance upwards for a long time. Entry at these levels should probably be done with a keen eye on risk management and new investors may want to wait for the soon to come Q4 2018 report before making a move, but the long term uptrend looks promising, and at a valuation of only 113 million USD this Norwegian microcap could go a long way yet. Quoting Pengana capital about their position in Photocure: "Photocure has a current market capitalisation of USD $130 million and we estimate 2018 revenue of USD $25 million which is small compared to the potential US market opportunity valued at $1.3 billion. The company has also had great success in selling its product in Europe, with an 80% penetration in bladder surgery procedures in Scandinavia followed by 30% in Germany." www.raskmedia.com.au
OSL:PHO
by savepiginvest
Aker Bp reached potential top for nowAker Bp have made an retracement back to fib 0.618 after a huge drop. It seems it has reached it's top for now, a lot of candles with long wicks is forming. There is also showing bearish divergence on the daily RSI. First target is at the support line price 278.6 after that we might see a bounce to 292.8 before heading to fib 0.382, price 267.2. Trade with care, have fun & make money. This is not an advice, make your own decision!
OSL:AKRBPShort
by UnknownUnicorn2034381
PGSO forming a potential Head & Shoulder pattern.CHXEUR:PGSO has been in a huge uptrend since 30th November 2017, soaring over 270% in less than 240 days. - Now it's in a downtrend, and looks to be forming a H&S formation. - It broke it's ascending trendline and also failed the recent pullback. (Marked in stapled red) - Should the price break through the 200 sma, we might see the 50 sma crossing down and generate a bearish death cross. - If the support line of the H&S formation break (red descending line), the price target should be around the 14.82 area. (Marked by yellow) To me it looks bearish, but I will remain neutral. I would go short should the H&S pattern be confirmed by a break of it's support line. As an apprentice of Technical Analysis, any constructive feedback would be greatly appreaciated. BlackCrown
P
by BlackCrown