The negative short term outlook was recently confirmed by GSG with target price: 5.00 EUR. Target price supported by fundamentals i.e. decreasing sales, margins etc. In addition, Nordex is undergoing a reorganisation which will cause additional costs (drop of 10% FTE) etc. Uncertainty about the subsidizing of renewable energies will put a lot of pressure on Nordex and it´s financials.
My trading set-up.
TP 1: 8.25
TP 2: 7.50
TP 3: 7.00
SL: 10.50
This is just my personal opinion and not an advise.
My trading set-up.
TP 1: 8.25
TP 2: 7.50
TP 3: 7.00
SL: 10.50
This is just my personal opinion and not an advise.
Trade active
Comment:
All eyes on the 27 March: Annual results will be published. Main expectation: 2018 will be tough and 2019 everything will be better.
Trade closed: target reached:
This was fun; all targets reached with increadible profit margins ;) I hope you enjoyed the ride. It was my pleasure.