beursfanaat

Compagnie des Alpes: support line + attractive risk/reward

Long
EURONEXT:CDA   ALPES (COMPAGNIE)
Most indicators suggest an oversold condition such as the OBV, but also the momentum is impressively negative. Athough this situation, the share price won't be able to fall below the supertrend support line. More bottoms have been created yet and the risk/reward is very attractive. The stock is going to set higher to at least 30 euros due to a too negative sentiment which didn't lead to a massive decline. There is also a fundamental touch: after the summer holidays a Chinese investor, named Fonsun, is going to participate in the capital (15%). The winter games turn on the Chinese government to seek for a partner with great expertise. Due to this 'Fonsun Case' the partner will be Compagnie des Alpes...
Trade active: I bought this stock a few months ago: @26,02