This idea post is meant more for my Estonian followers, if there are any, but if you are not from EST then don't be afraid to invest in the Estonian economy ;)
AS Tallink Grupp is the leading European ferry operator, offering high-quality mini-cruise and passenger transport services in the Baltic Sea region as well as a leading provider of ro-ro cargo services on selected routes. The Group provides its services on a total of seven routes between Finland and Sweden, Estonia and Finland, Estonia and Sweden, and Latvia and Sweden under the brand names of “Tallink” and “Silja Line” and we are the market leader in all our main routes. The Group has a fleet of 14 vessels – this includes cruise ferries, high-speed ro-pax ferries and ro-ro cargo vessels. In addition, the Group operates three hotels in Tallinn and one in Riga.
Technically, the price has started to approach pretty strong . The marked area has printed several yearly highs and yearly lows. Also, we have a solid tendency - from September to December or to end of the year, it has shown solid gains.
Let's talk about technical criteria which make this marked green area strong enough to produce mid-term reversals:
1. The trendline since 2009. Waiting for a third touch which should act as a .
2. The middle number 0.900 should act as support.
3. Different levels make the green area stronger
4. Monthly EMA100
5. level is pointed to the green price zone.
6. The marked area is historically worked level
7. 2011, 2012 & 2014 high
8. 2017 low
Technically a good entry area stays 0.85 - 0.91
The major mid-term target is around the round number 1.000
The information provided is not financial advice, it is a pure technical price zone and it doesn't include . Always do your own research!