Analysis: Köpsignalen omkullkastad in Elekta...

Elekta share’s buy signal from the end of april, after all, bring defeat when the shares are once again established over the resistance at 89kr. Any upprekyl against 85kr create a blankningsläge against 70kr.

Elekta share has during a long period been a underpresterare on the stockholm stock exchange when the shares are still trading below the previous highs. During the spring showed the share sign of strength, rushed to the resistance at 89kr, which on several occasions acted as a barrier for further rise. The outbreak on the top was significant, when the shares traded above during the five-week period of time and a good bit above the utbrottsnivån which makes that the return below that is a clear sign of weakness. Sales increased markedly at the breakthrough and the share formed a bearish engulfing candlestick which indicates sellers were dominant.

Next support on the downside is at 70 followed by 65 sek. The odds of achieving this are good so long as the share is traded under the fork in the road at 89kr.

We see a blankningsläge manifest themselves at a smaller backlash up against the first resistance at 85kr facing a decline against 70kr in the first place. The emergency exit is placed in this scenario at a closing above 87.50 £

Would share the event on the new view sign of strength by once again pass 89kr expected a test of 96kr, a permit gives the go-ahead for further rise towards 100, followed by 110kr.

When the stock market started to turn sour in recent weeks, it may be time to have a part of the portfolio positioned for a continued slowdown. The best chance for the decline is seen primarily in the shares that failed to pass previous peaks, and thus demonstrated the long-term weakness.

Elekta B

Entrance sell
85kr
Ticker
EKTA B

Målkurs
70kr
Market
The OMXS Large Cap

Emergency exit
87.50 £
P/E
242