Antonio_trader

Bang & Olufsen analysis

OMXCOP:BO   BANG & OLUFSEN A/S
Many major investors believe that next year will be the 'year of stocks'. After recent major sell offs, many big companies lost at least 10% of stock value in December alone. So now is a great time to look for potential bottoms for long term positions at the start of the 2019. This is a luxury brand of Bang & Olufsen, approaching the massive trend line and support level, offering good RRR for a long position, break below the support would take us lower. The sell off was caused due to decrease in profit projections for next year. Watching such charts also gives indication for potential moves in US indices.
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