This is my thoughts.
We have reached an historic high and a recoil is natural. Now with the corona virus spreading worries OMX has landed at a in my opinion natural level.
What worries me is if we are to break the mid term trend. If that happens we will have a consolidation period that rapidly ends up in a "crash" down to former levels.
This can we take advantage of. I would enter a sell order if the consolidation confirms the down going trend.
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We are at a point where a positive recoil can occur as well so I wouldn't blindly count on a break down.
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This is not a recommendation, but rather my speculations and personal thoughts.
You should always make your own analysis before buying any stock.
Do you have similar thoughts about OMX? Please comment or give the analysis a like.
Good luck!
We have reached an historic high and a recoil is natural. Now with the corona virus spreading worries OMX has landed at a in my opinion natural level.
What worries me is if we are to break the mid term trend. If that happens we will have a consolidation period that rapidly ends up in a "crash" down to former levels.
This can we take advantage of. I would enter a sell order if the consolidation confirms the down going trend.
-------
We are at a point where a positive recoil can occur as well so I wouldn't blindly count on a break down.
-------
This is not a recommendation, but rather my speculations and personal thoughts.
You should always make your own analysis before buying any stock.
Do you have similar thoughts about OMX? Please comment or give the analysis a like.
Good luck!