The beginning of the end

This is the beginning of the end for the Estonian stock market as the economical indicators are at the same levels in the country as in 2008 in terms of employment, unemployment, vacancies and all the other good things. Not only that but the market is in heavy correlation to our American friends whom are on their way down in to the dumpster.

Here is an analysis with a H&S pattern being broken at an all time high crushing through the quarterly moving average dipping under the monthly aswell yet to land on the annual, combine this visualization with the fundamental economical indicators.

Outlined are aswell the possible sell and buy order areas.

Commentaire:

boom...