lördag 15 oktober 2016

ASSA ABLOY breaking out of consolidation

After reaching all time high in August, Assa Abloy retraced a bit and then went into a consolidation. Now it looks like the consolidation is over as the stock closed above the resistance and it will be interesting to see if there will be a new test of the ATH level at  190SEK.

lördag 8 oktober 2016

Volvo in a bull trend, can it break 100?

After testing and failing to break through 100 in mid September, Volvo made a small retracement back to 96. However, since it is still trading above the rising trend line from the low in July the bull trend is still intact. The stage is set to break 100 for the first time in over a year.

If Volvo breaks 100 then the target price of 120 before the end of 2016 is a possibility.

torsdag 6 oktober 2016

Has H&M made a double bottom?

Well no, H&M has not made a double bottom. Not yet anyway. But a double bottom might be forming however since the share turned and started up once again from the 240 level where it also turned in June.

H&M usually has ups and down with sales reports when short term traders (over?) react to news. But the company never lets its shareholders down in the long run. It keeps on growing and making money so for the long term Investor with the "Buffet Mind" this might be a good opportunity to enter.

onsdag 5 oktober 2016

Storytel presents good numbers again

Storytel has been on my radar for some time now but so far I have not invested in the company. Yeasterday, Storytell announced that they exceeded their estimates for the third quarter regarding both subscribers and revenue.

The result for the third quarter is 215,000 subscribers in Sweden and 120,000 abroad which is a total increase of 50,000 subscribers in total from the second quarter. Revenue from streaming was 87MSEK (expected 84) in Sweden and 49MSEK (47) abroad. The Revenue has thus increased by 60% from the second quarter.

In spite of this very positive news the stock did not advance yesterday. Initially it went up to 42 but fell back down again and closed at the daily low. After a good start to the summer Storytel entered a consolidation faze and has traded in the range of 36-44.

The Company is making money and growing but at at PE of 62 the expectations are very high.

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onsdag 28 september 2016

ABB can rise another 30%

ABB has been strong all year long and has been trading at the higher end of the Rising chanel since July. Right now we are testing the highs from 2015.

There has been talk about separating Power Grids from the main Company and list it as a separate Company. Some analysts see a 30% rise in the ABB share is this is to be confirmed. That would mean a target price of about 250 SEK.

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fredag 23 september 2016

New interesting feature at Easy Markets

I trade with several brokers for all sorts of reasons. Perhaps in the future I will post some Reviews of them here but for now I thought I would let you know about a nice new feature at Easy Markets. Now you can actually cancel a losing trade! Check out this video for more information.

Apple at the top of the trading range

Apple is currently trading at the top of its trading range. The stock made a strong move from the bottom of the range on September 12 all the way to the top where it went into a consolidation with a flag like pattern. This could be an indication of a further strong move.

onsdag 21 september 2016

Volvo at possible breakout level

Volvo is now trading at the level of the previous top in May. If it breaks 100 we could expect a climb to 120, perhaps even before the year is over.

tisdag 20 september 2016

NetEnt and Evolution Gaming get major upgrade

Handelsbanken (SHB) upgraded two Swedish gaming stocks today. NetEnt and Evolution Gaming (EVO). NetEnt, currently closing today at 76,65 SEK was given a target price of 114, which is 48,7% above Monday Close.

EVO was upgraded to 448 which is 63,8% above  Monday close of 273,50.

måndag 19 september 2016

Nasdaq update week 38

The consilidation of the Nasdaq has been at record levels and we are now trading above the highest levels of 2001. This looks promising and new record levels are to be expected.

Dow Jones update week 38

Dow Jones touches the rising support line where it has consolidated for a few days. The support looks strong and this could be the week for a continuation of the uptrend.

fredag 16 september 2016

Key Reversal Day on 3147 Property

A Key Reversal Day yesterday with the gap in MACD closening. Now the stock is up slightly. Interesting to see if it can break 6.10 in the beginning of next week.