This end of 2020 could be the beginning of a bullish explosion for Innovatec with the stock that could quintuple its value in the coming months. These, in fact, are the results of the graphical and forecast analysis.
There are, however, also important news regarding the group that support the stock market prices. In fact, Innovatec recently acquired the majority stake in Clean Tech LuxCo SA, creating the first Italian group listed on AIM Italia fully integrated in clean technology.
If we add to this that the group is increasing its order book a lot, we understand how Innovatec can really be the title to focus on for 2021.
A stock that could fivefold its value in the coming months: the indications of the graphical and forecast analysis
Innovatec (MIL:INC) closed the session on 11 December at € 0.689, an increase of 15.6%.
Weekly time frame
A bearish projection (solid line) was underway on the weekly, which was completely wiped out with the closing on 11 December. In fact, after four weeks, the very strong resistance in the 0.562 euro area was broken up. With volumes increasing, therefore, the prices are directed towards the objectives in the area of € 0.878 and € 1.112 for a potential maximum gain of approximately 80%.
It should be noted that both the BottomHunter and the Swing Indicator are bullish since the prices were in the 0.55 euro area.
Innovatec: bearish projection (solid line) in progress on the weekly time frame. The red oblique lines represent the Running Bisector levels; the horizontal lines the levels of The New Law of Vibration. On the left, the volume for each price level is shown. The middle panel reports BottomHunter’s signal. The minimum on the considered time frame is marked when it is equal to 1. The volume panel shows the volume traded for each bar compared with a 20-period zero lag exponential moving average. The Swing Indicator is shown in the lower panel showing the bullish and bearish signals on the instrument in question.
–
Time frame mensile
At current levels, the current projection is bullish and the Swing Indicator would give a bullish signal at the end of December. In this case, the upside potential of the projection is stratospheric. The closest target, in fact, is in the 1.4 euro area for a potential gain of 100% compared to current levels. If, on the other hand, the third price target in the 3.41 euro area is reached, the share would quintuple its value.
Innovatec: ongoing bullish projection on the weekly time frame. The red oblique lines represent the Running Bisector levels; the horizontal lines the levels of The New Law of Vibration. On the left, the volume for each price level is shown. The middle panel reports BottomHunter’s signal. The minimum on the considered time frame is marked when it is equal to 1. The volume panel shows the volume traded for each bar compared with a 20-period zero lag exponential moving average. The Swing Indicator is shown in the lower panel showing the bullish and bearish signals on the instrument in question.
–
Deepening
Attention to the December closing on the Ftse Mib Future, it will tell us what 2021 will be like
–
