Analysis: NetEnt (B) approaching the support…

NetEnt (B) has rekylerat greatly in the last few months creating a köpläge when the shares come down in the vicinity of the support at intervallbotten from the last two years.

NetEnt (B) long-term rising major trend since the mid 2015 leveled out within a sideways handelsintervall between 57 and 92kr. Within the consolidation shows share a sequence of rising lows which indicates the underlying strength in the kraftansamlingsfasen. As long as the support at 64kr rejected on a weekly basis d.v.p. the share is allowed to be traded beneath it during the end of the week close above, conditions are good for a rebound against in the first place 75kr.

Then fall the last few weeks have made that the stock has become oversold, the odds are good that a further weakening leads to a backlash, when the shares come down in the vicinity of the lower part of the handelsintervallet the last two years.

We see an opportunity for a purchase on the 64kr then a stoploss can be placed narrowly in relation to the potential of a backlash against in the first place 75kr. Rushed this resistance is the next avstämningsnivå on the top at 79.50, followed by all-time-highs.

Would on the other hand, the share show more weakness than expected through the close significantly below the 64kr on a weekly basis and are supported at 61 followed by 57kr.

The share traded above the long-term rising jämviktsvärdet, MA 40 weeks.

NetEnt (B)

Entrance buy

The OMXS Large Cap

Emergency exit
61.50 £

66.55 kr
Direct avk.

The stock is traded on the stockholm stock exchange, under the symbol NET B.

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