Analysis: Nibe Industrier is approaching long-term support…

Nibe share after peaking at 90sek started a rekylfas which brought the share down in the vicinity of the long-term support of the rising huvudtrenden. As long as 75kr remains intact, it is expected the new highest note.

Nibe share belongs to one of the stock market’s steadiest shares after börskrisen year 2008-09. Share after a lågpunkt year 2008 in principle all of the time and shown a sequence of rising lows, sometimes have the lowest tested at a later time which resulted in a slightly lower lågpunkt but the share has in all cases come back and trendat further up.

In the beginning of may showed the share a trendacceleration on the upper side, which often marks a temporary peak when the shares come at a stretched level in relation to the long-term jämviktsvärdet, MA 40 weeks. The previous utbrottsnivån around 75kr has been converted to a support and acting as the distinction is made between the bull and the bear. As long as this support remains intact, is expected to further test of the previous peak.

We see a köpläge obvious at the continued rebound down for a återtest of 75kr when the shares in a certain extent, neutralized the overbought situation, while the share come down in the vicinity of a natural support. The emergency exit is placed preferably at a close below 72.50 usd, målkurs is set to the 89kr.

Would the share the against all odds show weakness by significantly pass 75kr on the downside followed by further decline through 69kr has a lower bottom set up, but just like in previous occasions this does not necessarily have long-term consequences.

The stock is traded over the long-term rising 40-week.

Nibe Industrier B

Entrance buy
75kr
Ticker
NIBE B

Målkurs
89kr
Market
The OMXS Large Cap

Emergency exit
72.50 kr
P/E
27.1

Latest
79.55 kr
Direct avk.
1.1%

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

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