After the Christmas-Covid-Craziness is over, I expect that hydrogen companies like Nel, Plug Power, Powerhouse Energy or Dynacert will gain their hype back.
We saw massive interest from e.g. the German Government (33 billion €), partnerships with big-players like Renault, Siemens and so on.
The technical analysis of Nel (RSI, MACD, MA 50 and 200 and Fibonacci Retracements between ATH and local low from Oct 2020) shows that there could be
some rough times coming for share holders. RSI did not touch oversold-line yet, MACD does not show any significant bullish crossing and the price level is still not
in any optimistic Fibonacci price segment.
My opinion: buy at under 15 NOK buying at higher prices can lead in unnecessary losses throughout Q1 of 2022. Q2 and Q3 should be more profitable for Nel
as I expect even worse price levels, if the numbers won't satisfy the shareholders.
DISCLAIMER: No financial advise. Please do your own research and consider talking to qualified personal before investing. Thank you :)
We saw massive interest from e.g. the German Government (33 billion €), partnerships with big-players like Renault, Siemens and so on.
The technical analysis of Nel (RSI, MACD, MA 50 and 200 and Fibonacci Retracements between ATH and local low from Oct 2020) shows that there could be
some rough times coming for share holders. RSI did not touch oversold-line yet, MACD does not show any significant bullish crossing and the price level is still not
in any optimistic Fibonacci price segment.
My opinion: buy at under 15 NOK buying at higher prices can lead in unnecessary losses throughout Q1 of 2022. Q2 and Q3 should be more profitable for Nel
as I expect even worse price levels, if the numbers won't satisfy the shareholders.
DISCLAIMER: No financial advise. Please do your own research and consider talking to qualified personal before investing. Thank you :)