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Analysis: #OMXSTO $INDT.ST
Case 96 #Indutrade AB
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Special request: mark2017 at Trade2Win
Thread 👇👇👇
#INDT.ST 1/4
Case 96 #Indutrade AB
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Special request: mark2017 at Trade2Win
Thread 👇👇👇
#INDT.ST 1/4
Chart 1
Weekly Chart: Rising steadily and price has closed above weekly trendline resistance (approx 332). The main objective and target is 367. The upside is strong as demonstrated from the main #SMAs and price action. Immediate resistance at 341.60.
INDT.ST 2/4
Weekly Chart: Rising steadily and price has closed above weekly trendline resistance (approx 332). The main objective and target is 367. The upside is strong as demonstrated from the main #SMAs and price action. Immediate resistance at 341.60.
INDT.ST 2/4
Chart 2
Daily Chart: We have no intention of chasing the price as most of the opportunity to enter safely (with favourable R/R) has been lost. One could scale down to lower time frames to look for potential day trades but .....
INDT.ST 3/4
Daily Chart: We have no intention of chasing the price as most of the opportunity to enter safely (with favourable R/R) has been lost. One could scale down to lower time frames to look for potential day trades but .....
INDT.ST 3/4
