StockNinja7

PENNEO AS is showing bullish momentum

Long
OMXCOP:PENNEO   PENNEO A/S
The Danish SaaS company Penneo AS provide services for digital signing similar to DocuSign. Furthermore, they also provide services to ensure KYC and AML compliance. Small compared to DocuSign, but for sure a competitor with a large potential.
The stock price have shown bullish momentum in the smaller time frames. In the near future a stock price of DKK 25-26 is within reach providing a gain around 15% based on previous close.
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