Analysis: Autoliv is gearing up for a positive outbreak!

Autoliv share has accelerated the resistance around 960kr within a triangelformation… which increases the odds of an imminent outbreak upwards, in accordance with the rising huvudtrenden.

Autoliv stock’s long-term rising major trend in the past two years transitioned to a more sideways handelsintervall between 780 and 1127 ce, Within this consolidation, showing the act of falling tops and rising bottoms, which formed a major triangelformation. Usually lead this formation to an outbreak in the same direction as the previous trend which in this case means an outbreak on the top.

Since march 2016 has 960kr level alternately served as both support and resistance.

Two weeks ago forcerades this resistance with force which means that this has been converted to a support, and is an ideal entry level for the continued rise and test of the key resistance at 1045kr. A significant closure above this level signals a positive outbreak on the upper side, which gives a potential prisobjektiv on the top of almost 1400kr.

We recommend to buy around 960kr then a stoploss can be placed narrowly in relation to the potential on the upper side. The emergency exit is placed preferably at a closing under 935kr. Målkurs are set conservatively to 1045kr with reservation for the possibility of significantly higher courses at a positive outbreak.

Would the share the against all odds show weakness by significant shut down during the 960kr on a weekly basis is next support at 920, followed by 860kr.

The stock is traded over the long-term sidåtgående 40-week moving average.


Entrance buy

The OMXS Large Cap

Emergency exit

Direct avk.

The stock is traded on the stockholm stock exchange, under the symbol ALIV SDB.

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