Jumpgate AB (Ticker on Nordic SME: GATE) can be multiplied.Technical Analysis of Jumpgate AB (Ticker on Nordic SME: GATE)
The Swedish company and share Jumpgate AB (Ticker on Nordic SME: GATE) is now at the very bottom of a long-term falling trend, and the share may now be at a very favorable level to buy the share at.
As far as I can see and understand, there can't be much downside in this stock here from today's level.
This very exciting company is valued today at only around SEK 52 million.
StockCharts365.com believes that the stock can easily both double and possibly multiply within a short time now.
Technical Analysis of Jumpgate AB (Ticker on Nordic SME: GATE)
The Jumpgate share has shown a weak development in recent years, but now it may well have reached a bottom here around SEK 0.05.
The share is now all the way down towards the lower trend line in the long-term falling trend, and the share is heavily oversold in the short and medium term.
A reversal upwards can therefore be expected within a short time, and there will then be little technical resistance for the share until around SEK 0.16. That means around three times the current exchange rate.
Further up, there will be technical resistance towards the upper trend line in the long-term falling trend, around SEK 0.28.
Based on the overall technical picture for Jumpgate (Ticker on Nordic SME: GATE), the share is assessed here at the support level around the lower trend line in the long-term falling trend, and could be at a very interesting level to buy the share at.
For information, the undersigned has himself bought shares in Jumpgate here today.
