AFTER MARKET

The market recovers

Last week we wrote about a potential short term buy opportunity, and the week that just ended haven´t exactly been too good, but we have not yet abandoned the thought about buying. The Greek and Spanish worries are still dominating the markets, but most of the negative influencies should be priced by the market by now, and if no further mishaps occur we think there are good chances of a upward movement next week. We expect a dip on Monday, statistically a good time to buy in, and then rising markets for the rest of the week.

Current technical setup we are monitoring

Last week we mentioned a couple of interesting technical setups for SHB-A, SWED-A and ELUX-B. We have set the standard models up for buy on MACD signal + price above 100 day moving average. This week the signals were triggered:

• Buy signal at 12:24 on the 16:th for SWED-A at 101:40 kronor
• Buy signal at 09:00 on the 17:th for ELUX-B at 139:20 kronor
• Buy signal at 09:00 on the 17:th for SHB-A at 207:80 kronor

Now that we have these positions we can choose different ways of monitoring them using Nordnet AutoTrader. We can for example use Stoploss Mini to lock in the profits, but we choose to set up another standard model to sell when the price crosses the moving average. This should mean we will keep the positions for a little longer. Anyone who wants to set it up in Nordnet AutoTrader can do like this: 

• Connect the order model Standardmodell sälj på kors genom MA

Autostock wish you a nice weekend!

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