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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

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#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.

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 .....

..... that is not how we operate.

The #Strategy is printed on the image.

$INDT.ST 4/4
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