The Castellum share has formed a turning candlestick in the greatly increased turnover after a test by the previous highest listing which supports a rekylfas in the future.
The Castellum share is in a long-term rising trendkanal where kanalbotten support the vinsthemtagningsfaser and kanaltaket constitutes resistance for further rise.
The share has a higher lowest level during the month of march taken off at the top and tested through the previous top at 133.50 usd, where the shares formed a turning candlestick similar to a Gravestone Doji candlestick.
In the formation, turnover increased significantly which is a clear sign of weakness as it indicates that the major players have used the opportunity to pick the home win on a very favorable course. The closure in the vicinity of the dagslägsta confirms this phenomenon, which is particularly significant when the shares closed below the previous peak, which utbrottshandlare sitting with förlustpositioner, which should contribute to the weaker development in the future, since these positions are forced to be sold.
We recommend that you step of the long-term holding, especially on upprekyl in the future. Would share in a later stage to take down in the vicinity of the support at kanalgolvet in the long-term rising huvudtrenden, the stock is once again interesting for a purchase.
The share traded above the long-term sidåtgående 40-week moving average.
Castellum
Ticker
CAST
Market
The OMXS Large Cap
P/E
6.2
Latest
127.50 £
Direct avk.
3.8%
The stock is traded on the stockholm stock exchange, under the symbol CAST.
