Many will probably change their positions in Norwegian fish farming companies to Bakkafrost after a bill on resource taxation. Most people were not aware that the political risk in the salmon industry was so great in Norway.
Trend lines and pivot lines are determined by a longer time horizon than current charts in a year.
Bakkafrost is located in a falling...
Forming a triangles pattern and might be blow out to 720 from current 580 and it might recover to before pandemic.
Also, according to pair trading in fish industry, It is cheaper than LSG and MOWI by comparing OSL:BAKKA/OSL:LSG, OSL:BAKKA/OSL:OSBFX, OSL:BAKKA/OSL:MOWI
Bakkafrost looks to be closing to the top of everything, IF previous pattern repeats itself. From just half a year ago Bakkafrost could be bought at around 440 NOK followed by a steady rise to a current 640 NOK. This is a staggering 50% increase in just half a year.
That alone is not the only factor Bakkafrost has against a further rise. We also see that if the...
It's Christmas time and that mean high salmon prices. Furthermore we have a nice positive trendline which indicates a stabile industry in these highly volatile times.
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