Deoleo: Very risky although volatility may make see some gains
Updated
DEOLEO is back in the Spanish stockmarket and with higher average volume than the previous 3 months. It has cut its debt by 42% and earned €4.5 million in Q1, compared to -€7.5 million in losses in Q12019. It is a very risky investment and next results are set to be published around the first days of August (3/8/20).
I would call for a long position until first stop 0.23 and then make another technical analysis. Right now there is a bearish bat pattern threatening the stock until 0.1630 or second support at 0.1458.
I would call for a long position until first stop 0.23 and then make another technical analysis. Right now there is a bearish bat pattern threatening the stock until 0.1630 or second support at 0.1458.
Comment
Has volatility finished as of today?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.