VaidoVeek

TALLINNA VESI (TVEAT)| Buy when there's blood in the streets III

Long
OMXTSE:TVEAT   TALLINNA VESI
Hi,

Tallinna Vesi is the largest water utility in Estonia, providing drinking water and wastewater disposal services to over 460,000 people in Tallinn and in several of the neighboring municipalities. The Company operates a 2,000 km2 catchment area to collect raw water, and owns and operates the full range of assets required to treat and supply water and collect and dispose of wastewater and stormwater. The Company is certified to IS0 9001, ISO 14001, ISO 17025, OHSAS 18001 and is EMAS accredited.

I got a lot of questions from my Estonian followers: "What do you think about Baltic stocks?", and here is the next one. Tallinn Water has started to approach technically a strong price zone. Let's see how it reacts to the highly risky market conditions.

"Buy when there's blood in the streets, even if the blood is your own." - technical analysis is perfect for that kind of market situation. Technical analysis gives you just a little bit more a sense of security: you had a plan, you have waited for some certain price levels, you see a long-term perspective and you have done everything correctly to buy it - and after that, your decision is on the hands of the market.

Technical analysis criteria are pointed 11.00 - 11.60:
1) After the break above the blue descending trendline, it should start to act as a support level .
2) The black ascending trendline from the beginning of 2018 adds strength to the pointed area.
3) Strong orange horizontal level.
4) Short-term Fibonacci retracement level 38%.

As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!


Good luck,
Vaido
My Twitter account: https://twitter.com/VaidoVeek

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