RCP_
Short

Novozymes - limited upside

CHXEUR:NZYMBC   NOVOZYMES A/S
70 1 3
OMX:NZYM_B             has hit significant resistance and is likely to dip/consolidate at current levels until earnings in mid August which will give the stock some direction. Notations on the chart (neutral/bearish).
Comment: NZYM currently down -2.25% since bearish call.
Remember to do risk management upon earnings in 9 days.
Trade closed: target reached: Disappointing earnings. Target hit.
I would not recommend holding it into earnings. If you are bearish you should look for put options instead.
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