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Subject: Great danger of crack and collaps in the stock quotes of DNB - the Norwagian Bank Author: Hugo Heitmann [ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 17:20:12 02/05/17 Sun Issued the 06. of February 20017 Technial, finacial and fundamental analyis of the DNB stock Immediate great danger of crack and collapse in the stock quotes of DNB - The Norwegian Bank It are both strong technical and fundamental reasons why DNB shares may crack in the near future. Be very cautious with investments in DNB hares. Let me take the technical reasons first: DNB broke a significant declining trend earlier this year and went into an upward trend. The stock has now risen about 60% and has taken out what can be expected of the rising trend. A clear top formation begins to show itself. RSI is soaring very high and is starting to show signs of topping. This is a clear indication of nearby fall in equity prices. Upon completion of the upward trend, and initiation of a falling trend the first reasonable support of about 90-95 Norwegian crouns or around 8 dollars. Fundamantalt I will adduce the following DNB is heavily involved in loans to offshore and shipping. Here lies several heavy casualties waiting. And new casualties will occur because the oil price crisis in Norway has so far only begun. The Norwegian population have a historical high dept level, actually the highest private dept level in the World. At the same time the real value income of Norwegian citizens are steadily delining, much due to the oil price crisis. Increasingly more mortgage customers fail their obligations due to high debt and increasingly lower income. Norwegian house prices is in the worst bubble ever. House price crash will come, and neither DNB nor heavly depted customers will be able to cover themselves by housing sales. The situation on the mortgage market is indeed very serious. A large percentage of DNB's mortgage customers will fall into the trap along with DNB itself. Norway's industrial production is falling, which does not bode well for lendings to businesses customers of the bank. Donald Trump's presidency is not good for Norwegian industry. DT was probably the best option for the US and for world peace, although many argue the opposite. But his protectionism can make it very difficult for Norwegian companies and DNB will probably go on some slams due to what is happening in the United States. There brews up a new international financial crisis and DNB are here probably most vulnerable of all Norwegian banks. Regarding the situation I predict price collapse to about 95 crown/kroner or 8 dollar, but the fundamantal factors will probably cause this level not to hold either, and 0.00 may prove to be the deinitive price target. This is not certain, but keep this in mind as a realistic scenario. [ Next Thread | Previous Thread | Next Message | Previous Message ]