Eutelast is down roughly 96% from its all-time high, which strongly suggests that the macro Elliott Wave 5 cycle may be complete. After such a prolonged decline, the stock appears to have formed a bottom and entered an accumulation phase, with price moving sideways and selling pressure largely exhausted.
From a strategic perspective, Eutelsat has the potential to become increasingly valuable in satellite internet, secure communications, and military intelligence, especially as European defense and digital sovereignty gain priority.
Given this setup, I see ETL as a long-term opportunity rather than a short-term trade. My approach is to accumulate shares monthly, averaging into the position and allowing time for the thesis to play out.
If execution improves and strategic demand materializes, ETL could offer significant upside over the next 10 years, making it an interesting European growth-and-defense play.
From a strategic perspective, Eutelsat has the potential to become increasingly valuable in satellite internet, secure communications, and military intelligence, especially as European defense and digital sovereignty gain priority.
Given this setup, I see ETL as a long-term opportunity rather than a short-term trade. My approach is to accumulate shares monthly, averaging into the position and allowing time for the thesis to play out.
If execution improves and strategic demand materializes, ETL could offer significant upside over the next 10 years, making it an interesting European growth-and-defense play.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.