A good cup and handle pattern forming. Look for a weekly close above 0.72 and next significant resistance is at 0.97.
The technical is supported by fundamentals as the company has almost completed the post COVID turnaround. There has also been significant (300K EUR) buying from the supervisory board at 0.691.
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...
Hi,
This idea post is meant more for my Estonian followers, if there are any, but if you are not from EST then don't be afraid to invest in the Estonian economy ;)
AS Tallink Grupp is the leading European ferry operator, offering high-quality mini-cruise and passenger transport services in the Baltic Sea region as well as a leading provider of ro-ro cargo...
