DEOLEO: Could be forming a Head and Shoulders?Target 0.21? If the figure is not completed today then it may move sideways for a while.
0M0Q trade ideas
Deoleo: Very risky although volatility may make see some gainsDEOLEO 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.
