(Click on the Technical Chart Above to Expand)
Super Rally is coming for Ericsson, a neutral Swedish company that will be emerging as some of the biggest winners in the Technology war between US and China. Biggest winner from 5G rollout could come from European companies, neutral bloc in between the US and China tussle. Ericsson is currently resuming big strong uptrend from the zone in between the 50MA and 200MA (as support) and from the green classical band of resistance-turned-support as strong powerful support. There is enormous buying pressure here. Even MACD and RSI momentum are turning up for Ericsson. It is in strong buying sweet spot.
The Donovan Norfolk Technical Rating:
All 3 Timeframes of Short-Term, Mid-Term & Long -Term are Bullish.