big pic breakout on ger small cap SNP Schneider-Neureither
Updated
finally, SNPSchneider also made it to become part of Tradingview, which is good and made me register here right away to talk about it.
I own SNPSchneider since the pullback in june 2016 and added to my position thursday 09/22 which averages my entry to 28.7. It is by far my biggest position and I consider it to be a fundamental big money trade. On friday, 09/23 SNPSchneider reported its 2nd big order of about 10Mio by 2 US companies within the chemical industrie. most certainly, these companies are Dow Chemical and Dupont. Stock prices went up to 34/34.5ish in late after hours trading. Knowing that the market cap of SNPSchneider is just 120Mio, this is a huge order. However, it also demonstrates that SNPSchneider is currently transforming from a small software company to be a successful global player being on the list of even the biggest US corporates when it comes to sophisticated SAP systems.
The Chart on tradingview doesn't look as nice coz it's got no history in it, maybe you can find a different tool to chart it yourself.
Consider this stock as a trade at 33/32ish, if you can get it, with stops below pivotal point which is marked by the ad-hoc on friday late afternoon, e.g. 30.2.
I own SNPSchneider since the pullback in june 2016 and added to my position thursday 09/22 which averages my entry to 28.7. It is by far my biggest position and I consider it to be a fundamental big money trade. On friday, 09/23 SNPSchneider reported its 2nd big order of about 10Mio by 2 US companies within the chemical industrie. most certainly, these companies are Dow Chemical and Dupont. Stock prices went up to 34/34.5ish in late after hours trading. Knowing that the market cap of SNPSchneider is just 120Mio, this is a huge order. However, it also demonstrates that SNPSchneider is currently transforming from a small software company to be a successful global player being on the list of even the biggest US corporates when it comes to sophisticated SAP systems.
The Chart on tradingview doesn't look as nice coz it's got no history in it, maybe you can find a different tool to chart it yourself.
Consider this stock as a trade at 33/32ish, if you can get it, with stops below pivotal point which is marked by the ad-hoc on friday late afternoon, e.g. 30.2.
Note
i placed to limit buy orders on SNPSchneider, one at 32.25 and another at 31.65 both of which did not get filled yet. low of day currently was 32.50. This might be a good area to start a first postion. However, like i said, I am already long big so I dont have to hurry to get in hereTrade active
today late afternoon, SNPSchneiderannounced that it aquired the majority of britischen Harlex Management Ltd. This is a strategic aqirement and fully makes sens. SNPSchneiderrecently raise about 35M which is about 30% of its market cap and investors have been waiting for news what SNPSchneider is gonna do with the money. A strategic aquirement seemed most likey and should boost revenue of the firm. Harlex Management is specialized in merging SAP systems of 2 partnering or fusing companies. This is also what their recent big order is about. With this, SNPSchneider could create just another pivotal news point leading to way higher prices than today. I keep my boat fully loaded on this small cap and consider pullbacks as buying oportunity. I canel my recent target of about 40, not gonna sell any this cheap unless market turned badly negativeTrade active
keep having lots of fun on this name as it rallied another 20% from breakout. Due to overall market condition, I decided to take gains out of 40% of my initial position. +2,5%. I consider pullbacks to the breakout area as strong buys
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