SANIONA AB Analysis for short termI have analyzed Saniona AB(Swedish Stock). Stock has consolidated and started its upward move. I have analyzed using trend, Chart patter & Gann system. I have shared the target and Stop loss also.
Saniona AB
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Here we’re my Scandinavian Saniona friends Let's take a look at the exiting SANION graph!
As we have broken through —1st phase— consolidation and after it has been retested, I believe that we’ll start to see new higher-highs and higher-lows.
What would be healthy for SANION is if it would rise in a comfortable pace, and not in a euphoric run to the hill tops as it did a few months ago!
As mentioned above, even though SANION has just broken through a consolidation, that it’s retesting, I believe SANION has some fighting to do, since just above there is a tough resistance are, from just above the current price towards 36-ish kroner.
That resistance will hopefully create enough battle so the stock can create the sentiment of a healthy s-curve ride up north, that will take out the old, and create new All Time Highs!
Saniona at pivotal historic resistance Historic resistance is reached.
Will the breach through come or will we see a strong pull back?
