Strong support in danish market
The market has been trading sideways for a while.
The last price action shows
"It took 160 days to fall 16%, but only 80 days to recover" - which means there is a positive momentum in the market.
Following that, the market is trading sideways, so you can expect to see positive momentum soon.
Due to covid and longer lead times a lot of companies have swollen inventories, so the performance of upcoming financial results may look weak, but if the market rallies up it will indicate the positive momentum overall.
THIS IS THE POINT OF LEAST RESISTANCE FOR THE MARKET TO MAKEUP OR DOWNWARD MOVE AND CONTINUE IN THAT DIRECTION.
The last price action shows
"It took 160 days to fall 16%, but only 80 days to recover" - which means there is a positive momentum in the market.
Following that, the market is trading sideways, so you can expect to see positive momentum soon.
Due to covid and longer lead times a lot of companies have swollen inventories, so the performance of upcoming financial results may look weak, but if the market rallies up it will indicate the positive momentum overall.
THIS IS THE POINT OF LEAST RESISTANCE FOR THE MARKET TO MAKEUP OR DOWNWARD MOVE AND CONTINUE IN THAT DIRECTION.
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