NEL ASA close to the BIG supportzone (700days)NEL ASA could reach within the next days/weeks the supportzone from 2015-2017.
The first touch in this zone has the highest probability to show us a bullish reaction.
Trade ideas
Is hydrogen the way forward, or is it too light-weighted?CAPITALCOM:NEL is in a clear downtrend, trading below both the 50-day and 21-day EMA. MACD is near neutral indicating a lack of buying pressure. RSI is around 41 which tells us the stock is not oversold, but also lacks upward momentum. There is resistance at $4.7 and $5.6 (red lines) and support can be found at $3.85 (green line).
There are also some fundamentals indicating future price development. There is growth in revenue from Q3 2023, primarily from the alkaline segment, which also showed improved margins. On the flip side there is a 52% drop in order intake and a backlog decrease of 20%. This elevates uncertainty and risk of delays. Revenues from PEM Electrolyser dropped 40%, with low project deliveries. Fixed costs also weigh on profitability, particularly if demand does not rebound soon. Cash flow from operations is negative.
NEL has been struggling for some time, and the hardship is not over. In my opinion the support will be broken and once that happens there is no floor. My target is just above the psychological £3 and my SL would be somewhere around $5.
hydrogen come back to growththe methane price growth and electrolyze need for Europe line.
technical agree for it.
NELNEL at Support and divergence at the weekly timeframe.
It`s time for a bounce.
No Financial Advice.
no short this time
One might assume that a short position would be worthwhile. However, I am bullish on this stock.
It could be the breakout of the falling wedge. The market is also too volatile for me for long leverage.
I continue to hold the stock.
Patient will pay of. in the next 25 days. NEL ASA Is an under-the-radar company - It was not the fast track company and I did a silly buy a year ago. But most likely you will hold your loss confidently if you know what's behind the scene.
That's what I do. Now you have 15 days to analyze the company while it will retrace a little bit and take a position. Its cheap so think about that you gonna buy some expensive Jeans - 100$
Do not expect to fit the Jeans if you don't try them before (due diligence).
Have fun -ElGatoTrade
Short medium termAccording to the current structure ,we first need to break the low before to start looking for a possible move up !
NEL long ideaHello dear Traders,
Here is my idea for #NEL
Wait for daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
NEL ASA prepare for ER and watch ITM POWER ITM negatíve jelentés esetén a NEL lejtmenetben követni fogja az ITM Power-t.
Ebben az esetben a NEL ASA vételét csak a jelentést megelőző 3 kereskedési nappal ajánlo.
In case negative report NEL will follow ITM to the downside prior to 3D NEL ER report.
NEL Bullish continuationLast retrace before the latest parabolic move retracted back at 72%. Now we have had a similar scenario with a retrace of 70%.
The sentiment is strong and NEL continues to release new customer orders and increasing their purchasing power.
Would expect a long 5th move in accordance to the trend lines, giving a three part bullish idea.
Mid-term trend of Nel ASA. After the Christmas-Covid-Craziness is over, I expect that hydrogen companies like Nel, Plug Power, Powerhouse Energy or Dynacert will gain their hype back.
We saw massive interest from e.g. the German Government (33 billion €), partnerships with big-players like Renault, Siemens and so on.
The technical analysis of Nel (RSI, MACD, MA 50 and 200 and Fibonacci Retracements between ATH and local low from Oct 2020) shows that there could be
some rough times coming for share holders. RSI did not touch oversold-line yet, MACD does not show any significant bullish crossing and the price level is still not
in any optimistic Fibonacci price segment.
My opinion: buy at under 15 NOK buying at higher prices can lead in unnecessary losses throughout Q1 of 2022. Q2 and Q3 should be more profitable for Nel
as I expect even worse price levels, if the numbers won't satisfy the shareholders.
DISCLAIMER: No financial advise. Please do your own research and consider talking to qualified personal before investing. Thank you :)
Nel Inverse head and schoulders?Nel is set to complete a inverse head and shoulders pattern; bullish. It could also form something like a double top. So if it comes up to previous swing high, wait for confirmation to further upside. Not financial advice, just my plan
Nel asa rally!!!nel asa broke the trend channel and is now on an upward trend. I think it breaks the current resistance zone and then goes up to the next resistance at 23.4 nok. Nel Asa also gets supported by the EMAs
what you guys think? let me know in the comments :D
ps: I have Nel Asa in my portfolio
Nel showing netural signs. when this breakout happends, its gonna be huge, maybe 50% in a few months. look out for confirmatin
NEL ASA -08.09NEL ASA operates as a hydrogen company, which provides solutions to produce, store and distribute hydrogen from renewable energy. Its hydrogen solutions cover the value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations. The firm operates through the following segments: Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment engages in manufacturing of hydrogen fueling stations providing fuel cell electric vehicles with the same fast fueling and long range as conventional fossil fuel vehicles. The Nel Hydrogen Electrolyser segment operates as a global supplier of hydrogen production equipment and plants based on both alkaline and PEM water electrolyser technology. The company was founded by Erik Anders Lönneborg and Praveen Sharma in 1927 and is headquartered in Oslo, Norway.
Has the green hydrogen bubble pop?As long as NEL trades above the 11.645 NOK (0.702 Fib retracement from the bottom of the impulsive waves), higher prices must be expected, and potentially another set of impulsive waves. The yellow box is the range from 0.382 to 0.618 of Fibonacci. This range is the classical value area for potential new trades during corrections. If NEL broke the support, prepare for substantially lower prices.
This is my proposed short-term labeling for the current correction.
Wedge patternWill there be a break out from this good looking wedge? Good risk reward on the upside?
@businessstart what do you think?
