UnknownUnicorn1081786

Azelio towards first target around 80 SEK

Long
OMXSTO:AZELIO   None
My take on Azelio. If they follow through with orders in Q2 which is their plan and they've delivered accordingly to their plans with precision so far. Both the technical and fundamental pieces are in place here for a breakout. Biggest owner bought more shares at 52.90 and the company had a new issue of shares (596 million SEK) at around 56 SEK in march 2021. There's always a risk to break down on the downside as well of course. Such a thing could be due to maybe a latency due to restrictions and more lockdowns etc. There's always a risk. On the long term though I see a bright outlook for this company. This is no financial advice, only my 2 cents.
Trade closed: stop reached
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