We have seen 30 pct. correction in ØRSTED - Now way oversoldThis seems to be matter of short time before investors run for ØRSTED again - ESG-funds have massive money-inflows to invest. ØRSTED is one og the best pue play ESG companies.
DOGEF trade ideas
Orsted bounce or inevitable beartrendSeems like it's make or break time - a lower low would establish a beartrend since the uptrend would be broken.
A bounce off of the high volume area would continue the uptrend.
Bear time if the price drops below 1025.5 in my opinion
ORSTED: BUYThe price has corrected 25% from ATH and it is equal to the correction it went through in the March crash. A solid company that missed earnings. A buy for me for the long-term.
Orsted AnalysisNormally I would look for a buy close to the uptrend. In this situation the support between 1072 DKK and 1056 DKK seems solid enough to enter the trade a but more aggressively. I have a by order at 1064.5 DKK.
New HighAfter the previous profittaking I was waiting for a correction to buy again but there was none. The rise seems to be unlimited. Now we've got a new high and the momentum keeps growing.
ORSTED - investment idea 💡 This entry and SL is based on my technical analysis only.
Do your research and trade on your own risk!
Ørsted - Retracement to 970 - then BullishStrong overbought on RSI
Moving averages looking good
Strong MACD
The stock have to make a minor breathe down to 970 area. Long term strong stock.
Orsted getting near to fibo resistance zoneIt's approaching a resistance zone and we expect it to reverse and go down to the first support shown on the chart
A tail wind for OrstedHaving made the all time high at the beginning of June, Orsted has been consolidating for the whole month to have another crack at the ceiling. It's now breaking out and will go easily beyond 800.
ORSTED Long Idea OMXCOP:ORSTED
DISCLAIMER.
This analysis is made to help and give you an idea of what opportunities could be in Orsted. I don't take any responsibility's for your loss of money based on my Analysis!
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Orsted before Covid-19 - About 720-750
Orsted after Covid-19 -About 575 on it's lowest.
Orsted now - 690
I'm sure Orsted will fall back but I see that as an opportunity to buy. That is because Orsted before Covid-19 was stable at about 720-750. Therefor i'm very sure Orsted after covid-19 will come very strong back.
I know the arrows is not placed perfect! It is going to take longer to get to 765, but the arrows will hopefully give you some understanding of were the stock can be in the furture.
This is my first time making this, and I would like to get advise, constructive criticism.
Thank you very much
- Bertram
Long opportunity for ORSTEDThe EMA has crossed the MA, and the trend has already begun. Ahead are two resistance points. If the first one is broken, the opportunity might be even bigger.
Invest safe.
