Ericsson beat earnings (EPS +22%, revenue +6.8%) and bounced off the bottom of a parallel channel defended since April 2024. If it closes above today's candle tomorrow, pullbacks to the trendline can be bought, targeting 10.84 then the channel's 50% level, after clearing pivot lows near 11.

And you can see here flipping into some earnings into Ericson. Look at this great push up here on Ericson. Now, they did report earnings. Look at this. smashing the earnings per share at 22% and revenue by 6.8%.

What a liftoff from the bottom of this parallel channel. Now, I can show you Erikson's been in this parallel channel for quite a while back since April of 2024. Every attempt down here, guys, even with little pierces can be uh a buying opportunity.

As you see here on this chart, it's this level has been defended every one of these times for the past two over two years. So drawing trend lines are very easy to do when you can layer in a parallel.

It's even better because now we have midpoint uh levels of potential rejection should this rally continue. So back into the daily chart, you can see here clearly I've outlined this horizontal trend line.

Now the goal for Ericson tomorrow since it closed at the high, it's got a really good shot, but it's got to close above today's candle tomorrow. If it can do that, any sort of pullbacks down here to this trend line can be an opportunity to buy to push up to 1084 and then eventually the 50% area of this parallel channel.

That looks like it's going to be the destination. Certainly, we'll have to fight to get through this level first. Also, there's some pivot lows that you see strung out on the chart right around 11, but get through that, guys.

And then the green pastures open up for that 50% area of the parallel channel. First things first, watch tomorrow's close. draw this trend line from the pivot high on August 25th and then wait for price to come back and then buy that potential bounce opportunity.