Technical Analysis of Bjørn Inge Pettersen, aksjeanalyser.com
03/20/2015 – We have today on Aksjeanalyser.com
set out these three shares on Oslo Børs: Fred Olsen Energy (Ticker:
FOE), Subsea 7 (Ticker: SUBC) and Seadrill (Ticker: SDRL).
We are considering today at Aksjeanalyser.com all these three
shares sell candidates on the basis of the negative technical picture for them.
We see risk of sharp drop for all three of these shares
Going forward, and they may well come to fall as much as 30-40 percent
current price levels in the coming 6-12 months.
Fred Olsen Energy (Ticker: FOE)
Fred Olsen Energy stock has shown a negative
development since autumn 2013, the stock has fallen from a peak when about 270
crowns, and down to today courses around 60 million.
The technical picture for Fred Olsen Energy stock
is negative, and further declines signaled for the stock in the future.
Further down there are limited technical support
for the stock before down to 42 million.
If the stock should also break down through 42.00 level
then it will trigger a new powerful technical sell signal for the stock.
Based on this overall negative technical picture
Fred Olsen Energy so considering we Aksjeanalyser.com share, as a
sales candidate on the current price level.
We have our price target for Fred Olsen Energy at 42.00
crowns of 3-6 month term, and we believe therefore that the stock might fall
with around 30 percent over the next 3-6 months.
Card Company: Fred. Olsen Energy ASA
(FOE) offers services to the offshore industry in the development and production of
oil and gas. The company builds on 150 years of shipping experience and over 35 years
offshore.
Subsea 7 (Ticker: SUBC)
Subsea 7 also shows a negative trend, and where
further declines signaled for the stock in the future.
The stock has consolidated in the short term, but
now falling back again, and if the share breaks down through a support level
around 64.00 million now so it will be triggered a new powerful technical sell signal
share.
It will then be limited with technical support
further down for the stock before the way down to the level of the financial crisis in
2009 around 30 million.
Based on the overall negative technical picture
Subsea 7 so considering we Aksjeanalyser.com share, as a
sales candidate on the current price level.
We have our price target for Subsea 7 at 45 million of 6-12
month term.
Card Company: Subsea 7 S.A.
is a seabed-to-surface engineering, construction and services contractor to the
offshore energy industry worldwide. We provide integrated services, and we
plan, design and deliver complex projects in harsh and challenging
environments.
Seadrill (Ticker: SDRL)
Seadrill also shows a very weak development
within a steep downward trend, and now falling back again after it got
blowback up here a while back.
The stock is now at a level of support from former bottom
in January 2015, around 70.00 level, but several technical indicators signal
that the stock may well come to fall further in the future, thus
gladly break down through 70.00 level.
A break down through 70.00 level will trigger a
new powerful technical sell signal for the stock, and then further decline
stock down against former bottom of the financial crisis in 2009, around 45.00 to 47.00
Dollars signaled 6-12 month term.
Based on the overall negative technical picture
Seadrill shares so considering we Aksjeanalyser.com share, as a
sales candidate and short-candidate at the current price level.
We have price targets for Seadrill at 47.00 dollars on
6-12 month term.
Card Company: Seadrill Limited is a
international drilling contractor providing services within drilling and
well services. Seadrill’s fleet consists of semisubmersible and jack
drilling rigs, drillships and tender rigs. The company has approximately 7,000 employees from 25
different nations and operates in 15 countries on five continents.
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