Analysis: Rebound creates köpläge in SKF B.

SKF (B) have in recent weeks lost almost 10 %, which creates a köpläge then share rekylerat down to the support around 180kr. We have our sights set on a turn upwards towards the 202kr in the first place.

SKF, the share has since a year back has shown positive signals by breaking the falling trend from 2015 and establish themselves above the stigandejämviktsvärdet, MA 40 weeks. The share has subsequently broken away at the top from a larger bottenformation and gathered effect above the 166kr level which previously constituted a resistance… which led to a new outbreak through the 179-182kr.

The trend is clearly rising… and as long as the resistance is passed and then converted to support on the test from above, there are good prerequisites for further rise against the 230kr. To get there is resistance at 203 followed by 210kr. Share after peaking at 203.50 usd at the end of april rekylerat by nearly 10 %, which creates an attractive köpläge when the shares come down to 180kr that has been converted to a support. The emergency exit is placed preferably at a closing under 175kr. målkurs are set conservatively to 202kr.

Would the share the against all odds show weakness, significant close below 180kr have the sequence of resistance turned to support, are broken, which opens up for further decline against the 167kr for a reconciliation.

In a long-term perspective, the shares have come more than halfway towards the intervalltaket in handelsintervallet where the shares have been traded in the past two years.

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


Entrance buy

The OMXS Large Cap

Emergency exit

181.60 kr
Direct avk.

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