There has been significant insider buying in Dec 14th 2022 and also the passenger count has increased 80% in 2022 compared to 2021. Despite shareholders being diluted during covid and the company struggling during covid times, the recovery and the future looks good for Tallink and the revenue and profit are getting back to pre covid levels. This might be a good time to buy, as the stock could rally up to 40-50% in the coming year.
The technical also looks good forming a cup and handle pattern, should be a good time to accumulate, the rally might start with the price breaking above 0.55 and might test the resistance at 0.60 and 0.68.
The technical also looks good forming a cup and handle pattern, should be a good time to accumulate, the rally might start with the price breaking above 0.55 and might test the resistance at 0.60 and 0.68.