Short term view - ERICSSON (Stockholm) : The background trend is clearly bullish.
The background trend is clearly bullish. The MACD is positive, it confirms that trend. The movement can go on.The following targets are at SEK 88.50 and SEK 95.10. The trend would be invalidated below the support at
SEK 68.60.
Ericsson provides communications technology and services. Co.'s services, software and infrastructure – especially in mobility, broadband and the cloud – enable the telecom industry and other sectors to do business, increase efficiency, improve the user experience and capture new opportunities. Co. has more than 110,000 professionals and customers in more than 180 countries. Co. provides support for networks with more than 2.5 billion subscribers. Co.'s core business areas are called Radio, Core and Transmission and Telecom Services. Co. divides its operations into three business segments: Networks, Global Services and Support Solutions.
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