ABC correction after entire evolution now shall be negated with a serious rally up basing on future moderate energy proce increases what would improve company's profits.
Columbus finally started its rally and should evolve seriously above (3) and initially above I wave.
Locally price should reach 60' regions in next 1-2 weeks.
First wave seems to be complete. Correction /2nd wave/ also, now need significant impulse to confirm 3rd wave.
Alternatively if treated as C in I/A, II/B still we need a serious rally now.
Golden cross was made mid Dec.
RSI have higher lows, started in Dec / The RSI is on a bullish uptrend / its not OB ( a good thing )
Bullish engulfing caddelstick was made on the 20 Nov and again in the end of Dec.
Fundemental :
Q3 of 2019 is positive compare to Q3 of 2018
The first three quarters of 2019 Columbus delivered an organic revenue growth of 3% and...
Danish Midcap IT firm Columbus normally avoids public radar, which might allow some upside here.
Considering the past 6 months' development, I don't believe the major price fall is completely justified and I believe a turn around is possible.
The recent development in the stock price shows strong support in 8.70 DKK, whereby this might be a long term bottom and...
