NZDUSD - Short IdeaA breakdown of May 12 low at 0.6182 will further drag the price toward May’s low at 0.6160 followed by April 26 low at 0.6117. The Relative Strength Index (RSI) (14) is signaling further weakness ahead.
Baltic
EURCHF - Long IdeaDownside should be contained above 0.9704 to bring rebound. EUR/CHF can reach a strong resistance level at 0.9995. Also we have some medium resistance levels at 0.9845 and 0.9933.
EURNZD - Long IdeaThe trend of EURNZD is still bullish while it's standing above the strong support zone between 1.71 and 1.717.
EURCAD - Long IdeaThe pair is showing bullish sequences in the cycle from the August 2022 low. Our goal is to reach 1.4921 again. We recommend to avoid selling but keep in mind that we are facing a strong support level at 1.462. If it gonna break that level it could reach a level at 1.4497.
Ignitis Grupe (IGN1L) | Wait For a Breakout!Hi,
“Ignitis Group” is an international energy company making the world energy smart. It’s one of the largest energy groups in the Baltic region.
The group’s core activities include power and heat production and supply, power and natural gas trading and distribution, and power system maintenance and development.
The development of green energy is a priority for “Ignitis Group” with an aim to become the region’s main competence center for new energy and a leader in distributed energy solutions in the Baltic Sea region and beyond.
Technically speaking we have quite a strong horizontal price zone just above the current price. Last weekend Ignitis got pretty pumped up at one of the largest investment conferences in Estonia but still, no rush because as said we have a strong horizontal price zone just above the current price and it can act as a strong resistance level.
Game plan: Wait for a breakout, wait for a weekly or monthly candle close above the shown area, let's say around €20.5. Then you are ready. After that investors have found that power to push it through (as you see it has been several times as a support, several times as a resistance - a lot of power needed to go crack it), then wait for a retest of the breakout area and technically you have done everything correctly ;)
Do your homework by doing a fundamental analysis!
Regards,
Vaido
Novaturas (NTU1L) | Breakout From The Chart Pattern.Hi,
Novaturas has made a breakout from the bullish chart pattern called Falling Wedge. Mid-term higher high will confirm it and currently the retest are taking place which is also supported with strong horizontal area.
Do your own research and if it's matching with my TA then you are ready to go!
Regards,
Vaido
Šiaulių Bankas (SAB1L) | Wait For a Breakout For Good Profits!Hi,
Šiaulių Bankas is the largest Lithuanian capital bank, a steadily and consistently growing financial partner, paying special attention to business financing and consumer financing solutions. Šiaulių Bankas serves its clients in 60 client service units in 37 cities and towns throughout Lithuania. The Bank was established in 1992. Šiaulių Bankas Group includes subsidiaries, which operate in the fields of leasing, life insurance, and real estate.
Technically, the price of SAB1L has climbed back to the major resistance area which stays at around €0.54 - €0.56. It has held the price since 2010. So, in 11 years the price hasn't seen higher prices than the prementioned level but luckily it has drawn a bullish chart pattern and we are really close to getting a breakout of that.
The bullish chart pattern is Inverted Head and Shoulders and it gets activated after a Monthly or Weekly candle close above €0.54 - €0.56. Actually, it gets activated after a candle close above the chart pattern neckline (we have a tiny breakout of that) but still, a bit safer would be to wait just a little bit more.
IF we get a Weekly or Monthly candle close above the mentioned level then basically there are no obstacles for price growth. Wait for a candle close, wait for a small throwback and the targets are:
1) €0.715 - around 35% profits
2) Chart pattern target €1.000 - around 90% profits
3) For holders - 150%+
Currently, there is also a bit riskier scenario on the table:
We have a 4H and Daily candle close above the counter-trendline, supported with 4H and Daily EMA50. So, you can SLOWLY start to add some positions but keep in mind it is risky because the price approaching multi-year resistance level at €0.54-€0.56. To buy from the current prices you should have some info from inside :D
Stay healthy,
Vaido
TALLINNA KAUBAMAJA (TKM1T)Hi,
Strong area 7.80 - 8.20
Technical criteria:
1) Rejection from the trendline
2) Rejection from the Monthly EMA 100
3) Fibonacci retracement 38%
4) Got a rejection from the channel lower trendline, considered as a bullish chart pattern called Bull Flag
Regards,
Vaido
TALLINNA VESI (TVEAT)| Buy when there's blood in the streets IIIHi,
Tallinna Vesi is the largest water utility in Estonia, providing drinking water and wastewater disposal services to over 460,000 people in Tallinn and in several of the neighboring municipalities. The Company operates a 2,000 km2 catchment area to collect raw water, and owns and operates the full range of assets required to treat and supply water and collect and dispose of wastewater and stormwater. The Company is certified to IS0 9001, ISO 14001, ISO 17025, OHSAS 18001 and is EMAS accredited.
I got a lot of questions from my Estonian followers: "What do you think about Baltic stocks?", and here is the next one. Tallinn Water has started to approach technically a strong price zone. Let's see how it reacts to the highly risky market conditions.
"Buy when there's blood in the streets, even if the blood is your own." - technical analysis is perfect for that kind of market situation. Technical analysis gives you just a little bit more a sense of security: you had a plan, you have waited for some certain price levels, you see a long-term perspective and you have done everything correctly to buy it - and after that, your decision is on the hands of the market.
Technical analysis criteria are pointed 11.00 - 11.60:
1) After the break above the blue descending trendline, it should start to act as a support level.
2) The black ascending trendline from the beginning of 2018 adds strength to the pointed area.
3) Strong orange horizontal level.
4) Short-term Fibonacci retracement level 38%.
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
HARJU ELEKTER (HAE1T) | Buy when there's blood in the streets IIHi,
After launching its activities in 1968, Harju Elekter Group has developed into a leading producer of MV/LV electrical and engineering devices in the Baltic countries and a well-known and respected manufacturer in Scandinavia. Harju Elekter’s main field of business is the development, manufacturing and sale of equipment necessary for the distribution and transmission of electric energy. The main business is supported by a sheet metal plant in Estonia and the development and leasing of industrial real estate.
I got a lot of questions from my Estonian followers: "What do you think about Baltic stocks?". In the next following posts, I would like to point out a few stocks from Nasdaq Baltic.
Harju Eleter has been on my watchlist for a while and now the overall panic has dragged the price almost to my prepared area.
"Buy when there's blood in the streets, even if the blood is your own." - technical analysis is perfect for that kind of market situation. Technical analysis gives you just a little bit more a sense of security: you had a plan, you have waited for some certain price levels, you see a long-term perspective and you have done everything correctly to buy it. - and after that, your decision is on the hands of the market.
Technical analysis criteria are pointed 2.95 - 3.45:
1) The clean yearly resistance level from 2011 becomes the support level.
2) Perfect trendline
3) Fibonacci retracement 62%
4) Fibo Extensions
5) "50% club"
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
