Getinge share has failed to keep utbrottsnivån at 180kr which is interpreted as a temporary setback facing the continued rise… so long as the support at 158kr remains intact.
Getinge share’s long-term price trend after a bottom around 139 euro from 2010 traded up to a top listing on 244kr in August 2013. In the beginning of the 2015 was tested the resistance just below the previous peak at the 237kr so forcefully rejected and the shares have subsequently shown a weak development at the end of last year led to a test of the six-year intervallgolvet around 139kr where a powerful köprespons were presented.
After it showed köpresponsen, the share price has steadily climbed upward until a couple of weeks ago when the aid is at 180kr gave way. In the short term, this is a sign of weakness that is likely to be converted into a köpläge when the stock begins to approach the long-term jämviktsvärdet, MA 40 weeks, which coincides with the support around 158kr. The previous overbought situation, compared with the distance to the jämviktsvärdet has continued to decline completely neutralized, which creates a good base for continued rise against 184.50, 200 followed by 224kr.
Would the share the against all odds show lasting weakness by significant force support at 158kr must 140kr level keep not to the five-year handelsintervallet shall be construed as a major toppformation.
The share traded above the long-term slowly rising 40-week moving average.
Getinge B
Entrance buy
158kr
Ticker
GETI B
Målkurs
176kr
Market
The OMXS Large Cap
Emergency exit
154kr
P/E
29
Latest
164.90 sek
Direct avk.
1.2%
The stock is traded on the stockholm stock exchange, under the symbol GETI B.
