Market Analysis 2019/06/07 - Trelleborg B (TREL B)

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Market Analysis - Technical Analysis

Trelleborg B (TREL) 2019-06-07 Chart

Technical Analysis: Trelleborg AB

Trelleborg B has exemplary made five waves up from 2009 and may have finished wave (A) in a coming corrective A-B-C down. Some tendency for positive divergence in RSI in connection with horizontal support.

If the count are correct we can now see an A-B-C up for big (B) and then five waves down for big (C).

Patrik Lindström

Market & Equity Analyst