Novozymes - limited upside

$OMX:NZYM_B has hit significant resistance and is likely to dip/consolidate at current levels until earnings in mid August which will give the stock some direction. Notations on the chart (neutral/bearish).

Note

NZYM currently down -2.25% since bearish call.
Remember to do risk management upon earnings in 9 days.

Trade closed: target reached

Disappointing earnings. Target hit.

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