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Tallink Grupp ASTallink Grupp ASTallink Grupp AS

Tallink Grupp AS

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TAL1T forming a nice cup and handle 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.
OMXTSE:TAL1TLong
by nirab
TALLINK GRUPP (TAL1T) - A Possible 15% Growth PotentialHi, 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 services on selected routes. The Group provides its services on a total of seven routes between Finland and Sweden, Estonia and Finland, Estonia and Sweden, and Latvia and Sweden under the brand names of “Tallink” and “Silja Line” and we are the market leader in all our main routes. The Group has a fleet of 14 vessels – this includes cruise ferries, high-speed ro-pax ferries and ro-ro cargo vessels. In addition, the Group operates three hotels in Tallinn and one in Riga. Technically, the price has started to approach pretty strong support level. The marked area has printed several yearly highs and yearly lows. Also, we have a solid seasonal tendency - from September to December or to end of the year, it has shown solid gains. Let's talk about technical criteria which make this marked green area strong enough to produce mid-term reversals: 1. The trendline since 2009. Waiting for a third touch which should act as a support level. 2. The middle number 0.900 should act as support. 3. Different Fibonacci retracement levels make the green area stronger 4. Monthly EMA100 5. Fibonacci Extension level is pointed to the green price zone. 6. The marked area is historically worked support and resistance level 7. 2011, 2012 & 2014 high 8. 2017 low 9. Seasonal tendency Technically a good entry area stays 0.85 - 0.91 The major mid-term target is around the round number 1.000 The information provided is not financial advice, it is a pure technical price zone and it doesn't include fundamental analysis. Always do your own research! Regards, Vaido
OMXTSE:TAL1TLong
by VaidoVeek
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