Invest Tech Espen Grønstad believes Oslo Stock Exchange may fall another ten percent to 456 points. Then we are back to stock levels from the summer of 2013, writes Dagens Næringsliv.
– The uncertainty and fear controls the market, says Grønstad said.
He bases his estimate on technical analysis of the main index’s development the last time.
– Increased risk and fear is reflected in the technical analysis, indicating that investors should be cautious ahead and weigh down the risk in the portfolio. We must expect that the exchange is going to fluctuate much ahead and that the Oslo Stock Exchange may fall to 456 points, says Grønstad.
– therefore much evidence that we may see the exchange further. With the large daily fluctuations observed in recent times, we still expect that the exchange forward also going to vary widely from day to day, he points towards DN.
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