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Enhertu showed substantial clinical activity in patients with HER2-positive metastatic breast cancer and brain metastases

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AstraZeneca and Daiichi Sankyo’s Enhertu achieved a 61.6% progression-free survival rate at one year in patients with active or stable brain metastases in DESTINY-Breast12. Largest prospective trial of Enhertu in this patient population.

Results from the DESTINY-Breast12 Phase IIIb/IV trial showed that Enhertu (trastuzumab deruxtecan) demonstrated substantial overall and intracranial clinical activity in a large cohort of patients with HER2-positive metastatic breast cancer who have brain metastases and received no more than two prior lines of therapy in the metastatic setting. Results will be presented today as a late-breaking presentation (abstract #LBA18) at the European Society for Medical Oncology and simultaneously published in Nature Medicine

Enhertu is a specifically engineered HER2-directed DXd antibody drug conjugate (ADC) discovered by Daiichi Sankyo and being jointly developed and commercialised by AstraZeneca and Daiichi Sankyo.

In patients with brain metastases at baseline, the primary endpoint of progression-free survival (PFS) by independent central review showed a 12-month PFS rate of 61.6%. Additionally, patients with brain metastases showed a central nervous system (CNS) 12-month PFS rate of 58.9%. Results were consistent in patients with stable and active brain metastases. Patients with stable brain metastases had a 12-month PFS rate of 62.9% and a 12-month CNS PFS rate of 57.8%. Patients with active brain metastases had a 12-month PFS rate of 59.6% and a 12-month CNS PFS rate of 60.1%.

In patients without brain metastases at baseline, the primary endpoint of confirmed objective response rate (ORR) by independent central review showed an ORR of 62.7% with 23 complete responses (CR) and 128 partial responses (PR).

Nancy Lin, MD, Associate Chief, Division of Breast Oncology, Dana-Farber Cancer Institute, Boston, MA, US and principal investigator for the trial, said: “Up to fifty per cent of patients with HER2-positive metastatic breast cancer experience the spread of disease to the brain during the course of their illness, which significantly impacts quality of life and outcomes. These data help further characterise the clinical benefit and safety profile of Enhertu in these patients, which will help guide treatment decisions.”

Sunil Verma, Global Head, Oncology Franchise, AstraZeneca, said: “The results from DESTINY-Breast12 show substantial clinical activity for patients whose disease has spread to the brain. These data as well as the results in patients without brain metastases further build confidence in the clinical profile of Enhertu for the second-line treatment of HER2-positive metastatic breast cancer.”

Mark Rutstein, Global Head, Oncology Development, Daiichi Sankyo, said: “Treating brain metastases in patients with breast cancer is challenging as there are few effective treatment options. Building on previous studies, these results show Enhertu can provide strong overall and intracranial clinical activity and support its potential role in treating patients with active or stable brain metastases.”  

Summary of results: DESTINY-Breast12 primary analysis

Efficacy measure Baseline brain metastases (cohort 2) No baseline brain metastases (cohort 1)
Overall population(n=263) Stable brain metastasesi(n=157) Active brain metastasesii(n=106) Overall population(n=241)iii
12-month PFS Rate (%) (95% CI)iv 61.6(54.9-67.6) 62.9(54.0-70.5) 59.6(49.0-68.7)
12-month CNS PFS Rate (%) (95% CI)v 58.9(51.9-65.3) 57.8 (48.2-66.1) 60.1(49.2-69.4)
12-month OS Rate (%) (95% CI) 90.3(85.9-93.4) 90.6(86.0-93.8)
Confirmed ORR (%)vi, vii (95% CI) 51.7(45.7-57.8) 49.7(41.9-57.5) 54.7(45.2-64.2) 62.7(56.5-68.8)
CR % (n) 4.2 (11) 9.5 (23)
PR % (n) 47.5 (125) 53.1(128)viii
Confirmed CNS ORR (%)(95% CI)ix 71.7(64.2-79.3)n=138 79.2(70.2-88.3)n=77 62.3(50.1-74.5)n=61

PFS, progression-free survival; CI, confidence interval; CNS, central nervous system; OS, overall survival; ORR, objective response rate; CR, complete response; PR, partial response

i Stable brain metastases (previously treated)

ii Active brain metastases (untreated or previously treated / progressing [not requiring immediate local therapy])

iii Includes 26 patients with no measurable disease at baseline

iv Primary endpoint for baseline brain metastases (cohort 2) was median PFS with 42.2% data maturity at time of data cutoff (8 February 2024); post-hoc analysis showed median PFS of 17.3 months (95% CI 13.7-22.1)

v Patients who had systemic progression, but no CNS progression, were censored at the time of the progression assessment; the analysis did not account for systemic progression as a competing event

vi Primary endpoint for no baseline brain metastases cohort (cohort 1)

vii ORR is (CR + PR)

viii One patient with no measurable disease at baseline was assigned PR by independent central review

ix Analysis of CNS ORR was in patients with measurable CNS disease at baseline

A post-hoc analysis in patients with active brain metastases showed the CNS ORR was 82.6% (n=19/23) for patients who had not received prior local CNS therapy and 50.0% (n=19/38) in patients who had progressed following prior local CNS therapy.

The safety profile of Enhertu in DESTINY-Breast12 was consistent with previous breast cancer clinical trials with no new safety concerns identified. The safety profile of Enhertu in the trial was also generally consistent between patients with brain metastases and patients without brain metastases.

Interstitial lung disease (ILD) or pneumonitis occurred in 12.9% of patients in the cohort without brain metastases and 16.0% in the cohort of patients with brain metastases as determined by the investigator. The majority of ILD events were low grade (Grade 1 or 2). In patients without brain metastases, there were 22 Grade 1 ILD events, six Grade 2 events, zero Grade 3 and 4 events, and three (1.2%) Grade 5 events. In patients with brain metastases, there were 26 Grade 1 ILD events, eight Grade 2 events, one Grade 3 event, one Grade 4 event and six (2.3%) Grade 5 events. Five ILD or pneumonitis events in the brain metastases cohort were reported by the investigator as co-occurring with opportunistic infection (one Grade 4 and four Grade 5).

Enhertu is approved in more than 65 countries for the treatment of unresectable or metastatic HER2-positive breast cancer who have received a prior anti-HER2-based regimen.

Notes

Breast cancer, HER2 expression and brain metastases

Breast cancer is the second most common cancer and one of the leading causes of cancer-related deaths worldwide.1 More than two million breast cancer cases were diagnosed in 2022 with more than 665,000 deaths globally.1 While survival rates are high for those diagnosed with early breast cancer, only about 30% of patients diagnosed with or who progress to metastatic disease are expected to live five years following diagnosis.2

HER2 is a tyrosine kinase receptor growth-promoting protein expressed on the surface of many types of tumors, including breast cancer.3 HER2 protein overexpression may occur as a result of HER2 gene amplification and is often associated with aggressive disease and poor prognosis in breast cancer.4 Approximately one in five cases of breast cancer are considered HER2-positive.5

Brain metastases occur when cancer cells spread from their original location to the brain. An estimated 10% to 15% of patients diagnosed with metastatic breast cancer will develop brain metastases.6 The risk is higher for those with HER2-positive or triple-negative metastatic breast cancer, with brain metastases occurring in 30% to 50% of these patients.7

The median overall survival for patients with breast cancer who have developed brain metastases is eight months; however, this varies based on subtype and the availability of effective treatments.8 Current guidelines do not recommend screening patients with breast cancer for brain metastases. As a result, when brain metastases are eventually diagnosed, patients may already present with advanced disease.7 

DESTINY-Breast12

DESTINY-Breast12 is an open-label, multicentre, Phase IIIb/IV 2-cohort, non-comparative clinical trial designed to evaluate the efficacy and safety of Enhertu (5.4 mg/kg) in patients with previously treated advanced/metastatic HER2-positive breast cancer. The study includes patients without brain metastases (cohort 1) or with brain metastases (cohort 2) who have experienced disease progression following prior anti-HER2-based regimens and have received no more than two lines of therapy in the metastatic setting. Patients were enrolled into one of two cohorts according to the presence or absence of brain metastases at baseline.

The primary endpoint of cohort 1 was ORR as assessed by independent review (non-brain metastases cohort) and the primary endpoint of cohort 2 (brain metastases cohort) was PFS. Additional endpoints included CNS PFS, CNS ORR, ORR in the brain metastases cohort and safety.

DESTINY-Breast12 enrolled 504 patients across multiple sites in Asia, Europe, North America and Oceania. For more information about the trial, visit ClinicalTrials.gov.

Enhertu

Enhertu is a HER2-directed ADC. Designed using Daiichi Sankyo’s proprietary DXd ADC Technology, Enhertu is the lead ADC in the oncology portfolio of Daiichi Sankyo and the most advanced programme in AstraZeneca’s ADC scientific platform. Enhertu consists of a HER2 monoclonal antibody attached to a number of topoisomerase I inhibitor payloads (an exatecan derivative, DXd) via tetrapeptide-based cleavable linkers.

Enhertu (5.4mg/kg) is approved in more than 65 countries worldwide for the treatment of adult patients with unresectable or metastatic HER2-positive (immunohistochemistry [IHC] 3+ or in-situ hybridisation [ISH]+) breast cancer who have received a prior anti-HER2-based regimen, either in the metastatic setting or in the neoadjuvant or adjuvant setting, and have developed disease recurrence during or within six months of completing therapy based on the results from the DESTINY-Breast03 trial.

Enhertu (5.4mg/kg) is approved in more than 65 countries worldwide for the treatment of adult patients with unresectable or metastatic HER2-low (IHC 1+ or IHC 2+/ ISH-) breast cancer who have received a prior systemic therapy in the metastatic setting or developed disease recurrence during or within six months of completing adjuvant chemotherapy based on the results from the DESTINY-Breast04 trial.

Enhertu (5.4mg/kg) is approved in more than 35 countries worldwide for the treatment of adult patients with unresectable or metastatic NSCLC whose tumours have activating HER2 (ERBB2) mutations, as detected by a locally or regionally approved test, and who have received a prior systemic therapy based on the results from the DESTINY-Lung02 and/or DESTINY-Lung05 trials.  Continued approval in the US for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial.

Enhertu (6.4mg/kg) is approved in more than 45 countries worldwide for the treatment of adult patients with locally advanced or metastatic HER2-positive (IHC 3+ or 2+/ISH+) gastric or gastroesophageal junction (GEJ) adenocarcinoma who have received a prior trastuzumab-based regimen based on the results from the DESTINY-Gastric01, DESTINY-Gastric02 and/or DESTINY-Gastric06 trials. Full approval in China for this indication will depend on whether a randomised controlled confirmatory clinical trial can demonstrate clinical benefit in this population.

Enhertu (5.4mg/kg) is approved in the US for the treatment of adult patients with unresectable or metastatic HER2-positive (IHC 3+) solid tumours who have received prior systemic treatment and have no satisfactory alternative treatment options based on efficacy results from the DESTINY-PanTumor02, DESTINY-Lung01 and DESTINY-CRC02 trials. Continued approval for this indication in the US may be contingent upon verification and description of clinical benefit in a confirmatory trial.

Enhertu development programme

A comprehensive global clinical development programme is underway evaluating the efficacy and safety of Enhertu monotherapy across multiple HER2-targetable cancers. Trials in combination with other anti-cancer treatments, such as immunotherapy, also are underway.

Daiichi Sankyo collaboration

AstraZeneca and Daiichi Sankyo entered into a global collaboration to jointly develop and commercialise Enhertu in March 2019 and datopotamab deruxtecan in July 2020, except in Japan where Daiichi Sankyo maintains exclusive rights for each ADC. Daiichi Sankyo is responsible for the manufacturing and supply of Enhertu and datopotamab deruxtecan.

AstraZeneca in breast cancer

Driven by a growing understanding of breast cancer biology, AstraZeneca is starting to challenge, and redefine, the current clinical paradigm for how breast cancer is classified and treated to deliver even more effective treatments to patients in need – with the bold ambition to one day eliminate breast cancer as a cause of death.

AstraZeneca has a comprehensive portfolio of approved and promising compounds in development that leverage different mechanisms of action to address the biologically diverse breast cancer tumour environment.

With Enhertu (trastuzumab deruxtecan), a HER2-directed antibody drug conjugate (ADC), AstraZeneca and Daiichi Sankyo are aiming to improve outcomes in previously treated HER2-positive and HER2-low metastatic breast cancer and are exploring its potential in earlier lines of treatment and in new breast cancer settings.

In HR-positive breast cancer, AstraZeneca continues to improve outcomes with foundational medicines Faslodex and Zoladex (goserelin) and aims to reshape the HR-positive space with first-in-class AKT inhibitor, Truqap, and next-generation SERD and potential new medicine camizestrant. AstraZeneca is also collaborating with Daiichi Sankyo to explore the potential of TROP2-directed ADC, datopotamab deruxtecan, in this setting.

PARP inhibitor Lynparza (olaparib) is a targeted treatment option that has been studied in early and metastatic breast cancer patients with an inherited BRCA mutation. AstraZeneca with MSD (Merck & Co., Inc. in the US and Canada) continue to research Lynparza in these settings and to explore its potential in earlier disease.

To bring much-needed treatment options to patients with triple-negative breast cancer, an aggressive form of breast cancer, AstraZeneca is evaluating the potential of datopotamab deruxtecan alone and in combination with immunotherapy Imfinzi (durvalumab), Truqap in combination with chemotherapy, and Imfinzi in combination with other oncology medicines, including Lynparza and Enhertu.

AstraZeneca in oncology

AstraZeneca is leading a revolution in oncology with the ambition to provide cures for cancer in every form, following the science to understand cancer and all its complexities to discover, develop and deliver life-changing medicines to patients.

The Company’s focus is on some of the most challenging cancers. It is through persistent innovation that AstraZeneca has built one of the most diverse portfolios and pipelines in the industry, with the potential to catalyse changes in the practice of medicine and transform the patient experience.

AstraZeneca has the vision to redefine cancer care and, one day, eliminate cancer as a cause of death.

AstraZeneca

AstraZeneca (LSE/STO/Nasdaq: AZN) is a global, science-led biopharmaceutical company that focuses on the discovery, development, and commercialisation of prescription medicines in Oncology, Rare Diseases, and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca’s innovative medicines are sold in more than 125 countries and used by millions of patients worldwide. Please visit astrazeneca.com and follow the Company on social media @AstraZeneca

Contacts

For details on how to contact the Investor Relations Team, please click here. For Media contacts, click here.

References

  1. Bray F, et al. Global cancer statistics 2022: GLOBOCAN estimates of incidence and mortality worldwide for 36 cancers in 185 countries. CA Cancer J Clin. 2024 Apr 4. doi: 10.3322/caac.21834.
  2. National Cancer Institute. Surveillance, Epidemiology and End Results Program. Available at: https://seer.cancer.gov/statfacts/html/breast-subtypes.html. Accessed September 2024.
  3. Iqbal N, et al. Human Epidermal Growth Factor Receptor 2 (HER2) in Cancers: Overexpression and Therapeutic Implications. Mol Biol Int. 2014;852748.
  4. Pillai R, et al. HER2 mutations in lung adenocarcinomas: A report from the Lung Cancer Mutation Consortium. Cancer. 2017 Nov 1;123(21):4099-4105.
  5. Ahn S, et al. HER2 status in breast cancer: changes in guidelines and complicating factors for interpretation. J Pathol Transl Med. 2020;54(1):34-44.
  6. Simsek M, et al. Breast Cancer Patients with Brain Metastases: A Cross-Sectional Study. Breast J. 2022; 19;2022:5763810.
  7. Kuksis M, et al. The incidence of brain metastases among patients with metastatic breast cancer: a systematic review and meta-analysis. Neuro Oncol. 2021 Jun 1;23(6):894-904.
  8. Bailleux C, et al. Treatment strategies for breast cancer brain metastases. Br J Cancer. 2021 Jan;124(1):142-155
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Nvidia har presenterat sin kvartalsrapport, aktierna stiger i efterhandeln

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Graf över Nvidia-aktien

Ikväll släppte Nvidia sin kvartalsrapport och i efterhandeln stiger aktien. Mottagandet är inte bara viktigt för Nvidia, det är viktigt för hela aktiemarknaden som just nu balanserar mellan rädsla för nedgång och möjligheter med AI.

Snart börjar företagets analytikersamtal så då blir nästa punkt som kan påverka aktien, sedan lär mer omfattande analytikeruppdateringar komma som påverkar aktien när handeln inleds imorgon.

Samtidigt slog Alphabets aktie ett nytt rekord tidigare idag efter att deras nya AI-modell Gemini 3 togs emot väl av användarna. Företaget är nu i den trevliga positionen av att både tjäna enormt mycket pengar och vara en ledare inom AI.

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Belåning av aktieportfölj – Fördelar och nackdelar

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Mobil med graf

Belåning av aktieportfölj, även känt som marginallån eller värdepapperskredit, innebär att man använder sina aktier och andra värdepapper som säkerhet för att låna pengar från sin bank eller värdepappersföretag. Detta finansiella verktyg har blivit allt mer populärt bland svenska investerare som vill frigöra kapital utan att sälja sina investeringar. Men som med alla finansiella instrument finns det både betydande fördelar och påtagliga risker att överväga.

Vad är belåning av aktieportfölj?

Vid belåning av aktieportfölj lånar investeraren pengar med sina värdepapper som säkerhet. Enligt jämförelsesajten Comparia.se har kreditgivaren vanligtvis en belåningsgrad på 50-70% av portföljens värde, beroende på vilka tillgångar som ingår. Detta innebär att om din aktieportfölj är värd 1 miljon kronor, kan du typiskt låna mellan 500 000 och 700 000 kronor.

Lånet är flexibelt och fungerar ofta som en kreditlinje där du kan dra pengar efter behov, upp till den fastställda kreditramen. Räntan är vanligtvis rörlig och ofta kopplad till styrräntan plus en marginal.

Fördelar med belåning av aktieportfölj

1. Behåller ägarskap och potential för värdeökning

Den främsta fördelen är att du kan frigöra kapital utan att sälja dina aktier. Detta innebär att du fortsatt äger aktierna och kan dra nytta av eventuella framtida värdeökningar och utdelningar. För långsiktiga investerare som tror på sina innehav men behöver likvida medel är detta särskilt attraktivt.

2. Skatteeffektivitet

Genom att belåna istället för att sälja aktier undviker du att utlösa kapitalvinstskatt. Detta kan vara särskilt värdefullt om du har aktier med stora orealiserade vinster. Skatten skjuts upp tills du faktiskt säljer aktierna, vilket kan ge betydande skattefördelar över tid.

3. Flexibilitet i användning

Pengarna från belåningen kan användas till vilket lagligt syfte som helst – köpa fler aktier, investera i fastigheter, starta företag, finansiera större inköp eller täcka tillfälliga kassaflödesproblem. Denna flexibilitet gör belåningen till ett mångsidigt finansiellt verktyg.

4. Gynnsam ränta

Eftersom lånet är säkerställt av värdepapper erbjuder banker vanligtvis lägre räntor än för blancolån. Räntan är ofta konkurrensmässig jämfört med andra kreditformer, särskilt för större belopp.

5. Enkel administration

De flesta banker erbjuder belåning genom internetbanken där du enkelt kan följa din belåningsgrad och dra pengar när det behövs. Administrationen är minimal jämfört med andra lånetyper.

6. Möjlighet till hävstång

För mer sofistikerade investerare kan belåning användas för att skapa hävstång i portföljen genom att köpa fler aktier med lånade pengar. Detta kan potentiellt öka avkastningen, men kommer också med ökad risk.

Nackdelar och risker

1. Marginalkrav och tvångsförsäljning

Den största risken med belåning är att om aktiekurserna faller kraftigt kan du hamna över den tillåtna belåningsgraden. När detta händer kräver banken att du antingen sätter in mer pengar eller säljer aktier för att minska lånet. I värsta fall kan banken tvångsförsälja dina aktier, ofta på en ogynnsam tidpunkt när priserna är låga.

2. Förstärkt risk vid börsfall

Belåning förstärker både vinster och förluster. Om marknaden faller påverkas inte bara värdet på dina aktier negativt, utan du har också ett lån att betala ränta på och potentiellt återbetala. Detta skapar en dubbel exponering mot marknadens rörelser.

3. Räntekostnad

Även om räntan ofta är gynnsam måste du betala ränta på det lånade beloppet oavsett hur dina investeringar presterar. Under perioder med låg eller negativ avkastning på aktiemarknaden kan räntekostnaden äta upp din totala avkastning.

4. Komplexitet och överbelåning

Det kan vara frestande att belåna för mycket, särskilt när marknaden går bra. Många investerare överskattar sin risktolerans och hamnar i en situation där de inte kan hantera om marknaden går ner. Komplexiteten i att hantera belåningsgrader kan också leda till misstag.

5. Psykologisk stress

Att ha lån mot sin aktieportfölj kan skapa betydande psykologisk stress, särskilt under volatila perioder på marknaden. Rädslan för tvångsförsäljning kan leda till irrationella beslut och sömnlösa nätter.

6. Begränsad diversifiering

När aktier används som säkerhet kan det begränsa din möjlighet att diversifiera portföljen eller göra stora ombalanseringar, eftersom vissa aktier kanske inte kan säljas utan att påverka belåningsgraden.

Vem passar belåning för?

Belåning av aktieportfölj passar bäst för:

  • Erfarna investerare med god förståelse för marknadsrisk och volatilitet
  • Investerare med stor portfölj där belåningen utgör en mindre del av totala tillgångarna
  • Långsiktiga investerare som inte planerar att sälja sina aktier inom kort
  • Personer med stabil inkomst som kan hantera räntebetalningar även under svåra perioder
  • Investerare med låg skuldsättning i övrigt

Belåning är inte lämplig för:

  • Nybörjare på aktiemarknaden
  • Personer som redan har hög skuldsättning
  • Investerare som inte kan hantera stress och volatilitet
  • De som ser belåning som ”gratis pengar”

Praktiska råd och strategier

Sätt konservativa gränser

Använd aldrig maximal belåningsgrad. En tumregel är att hålla belåningen under 30-40% av portföljens värde för att ha buffert om marknaden går ner.

Diversifiera säkerheter

Ha en väldiversifierad portfölj som säkerhet. Undvik att belåna mot enskilda aktier eller sektorer som kan vara extra volatila.

Ha likviditetsbuffert

Håll alltid kontanter eller likvida tillgångar tillgängliga för att kunna hantera pressade marginaler utan tvångsförsäljning.

Förstå villkoren

Läs och förstå alla villkor i ditt belåningsavtal, inklusive hur belåningsgrader beräknas och när marginalkrav kan utlösas.

Regelbunden uppföljning

Följ din belåningsgrad regelbundet och var beredd att agera snabbt vid marknadsvolatilitet.

Slutsats

Belåning av aktieportfölj kan vara ett kraftfullt finansiellt verktyg för rätt typ av investerare i rätt situation. Fördelarna med att behålla ägarskap i sina investeringar samtidigt som man frigör kapital är uppenbara.

Men riskerna är verkliga och påtagliga. Tvångsförsäljning vid börsnedgång, förstärkt exponering mot marknadsrisk och den psykologiska stressen som kommer med belåning gör att detta verktyg kräver noggrann övervägning och disciplinerad riskkontroll.

För de som väljer att belåna sin aktieportfölj är nyckeln att vara konservativ med belåningsgraden, ha en väldiversifierad portfölj som säkerhet, och alltid ha en plan för hur man ska hantera marknadsvolatilitet. Som med alla investeringsbeslut bör man överväga att konsultera finansiell rådgivning innan man fattar beslutet att belåna sin portfölj.

Kom ihåg att tidigare prestanda inte är en garanti för framtida resultat, och att alla investeringar innebär risk för förlust. Belåning förstärker denna risk och bör därför endast användas av investerare som fullt ut förstår och kan hantera konsekvenserna.

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Teknisk analys på flera marknader med Anders Haglund

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Anders Haglund gör teknisk analys

Anders Haglund går igenom den tekniska analysen på flera marknader samt även några olika enskilda aktier.

Teknisk analys med Anders Haglund
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