RCP_

Novozymes - limited upside

Short
RCP_ Updated   
OMXCOP:NZYM_B   NOVOZYMES B A/S
3
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.
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.