Longer term play based on semiconductor demand in Europe. The Company emerged from a difficult period, it has secured financing and 2023 is expected to be a breakout year in terms of revenues. Long with 85% profit taking potential, assuming 30% loss risk.
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 0.4992 CHF
ADDITION TO MAIN PUBLICATION, LINKED ON THE BOTTOM.
As said before, the trend remains bullish. We found a good support on the Weekly combined with the middle of the Uptrend Channel since march 2020.
Trend remains bullish as of now.
Retest of the Monthly at 0.458 would now make sense.
MBTN recently rejected a few levels. Yearly horizontal, 0.236 Fib and the "local" monthly combined were acting as a huge resistance. Combined with the massive run since March 2020 Crash, a retrace made sense and is healthy.
A retrace to 0.25 Chf would make sense, that's where I initially entered the trade and also bought Call Options.
Although it would make sense...
Did we just see a trend reversal of the Swiss Company Meyer Burger.
The Company just announced, that they will produce solar panels in Germany.
A brave decision.
Having a look in the history, we saw an overall trend in Europe. Solar production companies started in the 2010s, but failed to succeed due to the strong Asian competitors and cheap production...
Check the chart for some additional details about the capital increase.
You can find all the details about the capital increase and the new strategy by googling "Project Indium – Entwicklung zum Produzenten von Solarzellen und Modulen"
