My trading idea for Nagarro - BUY/LONG
Target: 129.00 EUR (Profit +15%)
Nagarro with earnings surprise. Earnings expectations for the third quarter were significantly better than expected. Strong results and outlook for the new year point to strong business momentum.
From a chart perspective, it looks very attractive to be on the buy side.
The share price successfully bounced off the historical support line on 30.09.2022. With the 2nd attempt, it also broke through the nearest ram resistance line on 18.10.2022.
2 weeks later, the resistance line was tested again and it continued upwards. The next resistance level is expected to be targeted. This is at 129.60 EUR.
Target: 129.00 EUR (Profit +15%)
Nagarro with earnings surprise. Earnings expectations for the third quarter were significantly better than expected. Strong results and outlook for the new year point to strong business momentum.
From a chart perspective, it looks very attractive to be on the buy side.
The share price successfully bounced off the historical support line on 30.09.2022. With the 2nd attempt, it also broke through the nearest ram resistance line on 18.10.2022.
2 weeks later, the resistance line was tested again and it continued upwards. The next resistance level is expected to be targeted. This is at 129.60 EUR.