Atlas Copco: Strong end to a record year
Atlas Copco, a leading provider of sustainable productivity solutions, reported double-digit organic growth in revenue, earnings, and orders. This development boosts its share price. In the near future, total demand for the Group is expected to stay at current high level, according to its current press release.
OMXS30 has broken short-term technical support
30 January 2018 by Tradingportalen
The OMXS30 broke short-term technical support last week. An extension of this weakness may ensue if the index takes out support levels around 1600, 1590 and the key technical support around 1560-1573. The Swedish earnings season unfortunately got off to a rocky start and USD weakness is viewed with concern. But the long-term trend of the OMXS30 and US equity markets remains up, in addition to which the seasonal bias is bullish for a few more months.
DAX hesitates at significant levels
German DAX triggered weakness last week after a failed attempt to find ground above previous highs. Long-term technical trend continues to show signs of hope, and current earning season might result in strength, and if the U.S dollar triggered strength, DAX could potentially be looking at further strength up ahead. In case DAX on the other hand starts showing signs of weakness, breaking support around 12 700, the index could potentially be looking at further lower move…
Nokia to supply 5G equipment to NTT DoCoMo
Nokia has signed a deal with NTT DoCoMo, Japan's largest mobile phone operator, to supply 5G baseband products with the goal to deploy in a 5G mobile network planned to be launched by 2020, according to its recent press release.
DAX on trigger-hold…?
German DAX-index triggered strength last week, despite looking for technical confirmation in a case where the index would find ground above resistance at 13 525, during relatively high trading activity. Potential outlook looks like it might be positive, as the technical long-term trend shows potential continued strength. DAX could however trigger weakness, at a scenario where the index starts moving below support area around 12 700.