Patient will pay of. in the next 25 days. NEL ASA Is an under-the-radar company - It was not the fast track company and I did a silly buy a year ago. But most likely you will hold your loss confidently if you know what's behind the scene.
That's what I do. Now you have 15 days to analyze the company while it will retrace a little bit and take a position. Its cheap so think about that you gonna buy some expensive Jeans - 100$
Do not expect to fit the Jeans if you don't try them before (due diligence).
Have fun -ElGatoTrade
NEL
Nel asa rally!!!nel asa broke the trend channel and is now on an upward trend. I think it breaks the current resistance zone and then goes up to the next resistance at 23.4 nok. Nel Asa also gets supported by the EMAs
what you guys think? let me know in the comments :D
ps: I have Nel Asa in my portfolio
NEL ASA -08.09NEL ASA operates as a hydrogen company, which provides solutions to produce, store and distribute hydrogen from renewable energy. Its hydrogen solutions cover the value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations. The firm operates through the following segments: Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment engages in manufacturing of hydrogen fueling stations providing fuel cell electric vehicles with the same fast fueling and long range as conventional fossil fuel vehicles. The Nel Hydrogen Electrolyser segment operates as a global supplier of hydrogen production equipment and plants based on both alkaline and PEM water electrolyser technology. The company was founded by Erik Anders Lönneborg and Praveen Sharma in 1927 and is headquartered in Oslo, Norway.
NEL stock pulling back sharply after Nikola crash - but no panicAs expected in previous trading idea, NEL falling under important support confirmed the double top sell signal.
But NEL is a stock that has experience several huge volatility events in the past, with earlier drops from top to bottom as large as 53 and 58 %.
Compared to those the recent drop of 36% seem to not cause any sense of panic among the shareholders at all, especially considering that Nikola short report hit at the exact same time as the large US tech selloff.
Investors should consider the volume profile and be a bit patient to see if the stock consolidates already, or that some more time is needed for the market do do its price discovery.
Significant insider by reported this week:
(Oslo, 25 September 2020) Bjørn Simonsen, VP Investor Relations & Corporate
Communication of Nel ASA ("Nel") has today through Simonsen Invest AS, a company
100% owned by Bjørn Simonsen, purchased 100,000 shares in Nel at a price of NOK
15.39 per share. After the transaction Bjørn Simonsen holds 1,616,138 shares and
616,000 options in Nel.