SWED strong support at 140, potential to bullish 160
The three lines indicate previous support or resistance levels. Swedbank recently broke the 160 resistance but quickly dipped. The breaking of 150 indicates to me that it will continue down towards 140 where it will find strong support.
Watch out for bullish candle signals as it closes the gaps to 140. SWED will probalby bullish to 150 and if it breaks the resistance it will most likely continue to 160 where it would be wise to start thinking about securing profits.
The current trading candles show a somewhat indecisive market and thus I do not believe that it will break above 150, but anything can happen.
Anything you notice that i might have missed? Please comment!
Do not take this as blind investment advice. Do your own research before investing!
Watch out for bullish candle signals as it closes the gaps to 140. SWED will probalby bullish to 150 and if it breaks the resistance it will most likely continue to 160 where it would be wise to start thinking about securing profits.
The current trading candles show a somewhat indecisive market and thus I do not believe that it will break above 150, but anything can happen.
Anything you notice that i might have missed? Please comment!
Do not take this as blind investment advice. Do your own research before investing!
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