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Traderherz-Analytics
Apr 27, 2021 1:01 PM

Trading Idea - Evolution Gaming Group Long

EVOLUTION ABSTO

Description

BUY
ENTRY: 1590 SEK
TARGET: 2000 SEK (+25%)
STOP: 1378 SEK

1.) The stock is in a solid long-term upward trend above tech support at SEK 481.9

2.) The growth forecast for the coming years is one of the company's strengths.

3.) The profit margins achieved by the company are among the highest of any listed company. The company's business is extremely profitable.

4.) The company's financial situation is excellent, which gives it considerable investment capacity.

Trade closed: stop reached

Comments
vellu828
You had the arrow facing wrong direction. You hit the absolute top :DDDD
Traderherz-Analytics
@vellu828, thank god I put a stoploss! :-)
TOGAB
Very interesting I had in parallell done a very similar analysis with similar stop-level. But based on previous stop-levels I let it be for one day to see if recovery was possible. So it went up again. Then another dip. I waited again one day. Anyway - still hold the stock. But willing to sell if it establish level below my stop. My idea is that it will bounce back. Very strong performance from the company currently.
Traderherz-Analytics
@TOGAB, I would still buy this stock.
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