YAR: Potential Buy AreaKey level combined with long term trend line. First target at 352 NOK. BEWARE OF THE COMING EARNINGS. The earnings always pose a surprise risk.
YAR
Yara International (YAR) | Looks Promising!Hi,
Yara International ASA is a Norwegian chemical company. Its largest business area is the production of nitrogen fertilizer, however, it also encompasses the production of nitrates, ammonia, urea and other nitrogen-based chemicals.
Some fundamental pros & cons:
+ Under the fair value.
+ A lot of insiders buying.
+ Yara and IBM launch an open collaboration for farm and field data to advance sustainable food production.
- A bit high debt.
Technical criteria:
1. The trendline third touch should act as support.
2. A strong orange horizontal price zone is printed several yearly highs and lows.
3. Fibonacci Retracement 62% acting as a support level.
4. Monthly EMA100 acting as support.
Technically, I can see that the long-term growing platform is pretty solid, it stays between 317-340. Do your own research about fundamentals, company potential, valuation numbers and etc.
Do not forget that perfect investing consists of good fundamentals (you have to make your own research) and you need a good buying area (you have it)!
Line chart:
Regards,
Vaido
