A good cup and handle pattern forming. Look for a weekly close above 0.72 and next significant resistance is at 0.97.
The technical is supported by fundamentals as the company has almost completed the post COVID turnaround. There has also been significant (300K EUR) buying from the supervisory board at 0.691.
There has been significant insider buying in Dec 14th 2022 and also the passenger count has increased 80% in 2022 compared to 2021. Despite shareholders being diluted during covid and the company struggling during covid times, the recovery and the future looks good for Tallink and the revenue and profit are getting back to pre covid levels. This might be a good...
Look for a break above the resistance level. With strong upward momentum and conformation from MACD and 20 week SMA short term targets could be upto 23.90. The long position is also supported by the strong fundamentals and growth of the company.
IGN poised to breakout after forming a nice symmetric triangle pattern. Combined with the strong fundamentals it is poised for a breakout on the bullish side. Long term targets up to 25 euro.
