Columbus CLC GPWWavecount of CLC price is quite clear. To be certain of it, price shall start to incline in next weeks and reach 14-28 pln as a first range.
Columbus
CLC Columbus EnergyABC correction after entire evolution now shall be negated with a serious rally up basing on future moderate energy proce increases what would improve company's profits.
Columbus CLCFor today we supposingly observe initial impulse up, hopefully we follow with the rest of incline.
CLC Columbus Energyi and ii waves are to be over now. Recently we shall experience serious rally up.
CLC Columbus EnergyAccumulation period shall be close to the end soon, then major rally up shall occur.
Columbus CLCEven though some good Eco energy environment is present, CLC is waiting for a push upwards with the target of a new general ATH.
Columbus CLCColumbus finally started its rally and should evolve seriously above (3) and initially above I wave.
Locally price should reach 60' regions in next 1-2 weeks.
Columbus CLCApart from news, we had a test of previous reresistance as a support now. Expecting a serious rally now.
CLC Columbus EnergyToday's impulse gives hope for fullfillment of 3rd wave now. Rally to greenish rectangle is expected.
Columbus CLCFirst wave seems to be complete. Correction /2nd wave/ also, now need significant impulse to confirm 3rd wave.
Alternatively if treated as C in I/A, II/B still we need a serious rally now.
New up trend started ?Golden cross was made mid Dec.
RSI have higher lows, started in Dec / The RSI is on a bullish uptrend / its not OB ( a good thing )
Bullish engulfing caddelstick was made on the 20 Nov and again in the end of Dec.
Fundemental :
Q3 of 2019 is positive compare to Q3 of 2018
The first three quarters of 2019 Columbus delivered an organic revenue growth of 3% and an increase
in EBITDA of 48%.
EBITDA
YTD 2018 : 111,627
YTD 2019 : 164.854
Profit before tax
2019 : 94,115
2018 : 66,226
Link : ir.columbusglobal.com
Disclaimer :
I have this stock myself and opened that trade below.
Open trade : 9.50
1 target : 10.15
2 target : 11.00
Set SL : 9.22 ( there is alittel room for a spike down )
Risk/Reward Ratio :
1 target : 2.44
2 target : 5.63
Possible turn around for Columbus - Long PositionDanish Midcap IT firm Columbus normally avoids public radar, which might allow some upside here.
Considering the past 6 months' development, I don't believe the major price fall is completely justified and I believe a turn around is possible.
The recent development in the stock price shows strong support in 8.70 DKK, whereby this might be a long term bottom and hereafter support for positive development. During December increasing volumes have shown, while weekly RSI is still low despite increases.
When comparing P/S Ratio and P/E ratio to local (larger) danish peers (Columbus=green), Columbus is strongly underpriced considering their Q3 YTD.
I will go long when the price is 9.50-9.60
Stoploss 9.25
Target A 10.54 (1st possible strong resistance level )
Target B 11.60 (2nd possible strong resistance level )
