[23 July 2024]
Today, Tuesday 23 July 2024, StockCharts365.com has taken a closer look at an exciting company in Denmark:
Harboes Bryggeri B A/S (Ticker on Nasdaq Copenhagen: HARB B).
The overall technical picture for the Harboes share (HARB B) looks very positive, and indicates further growth for the share in the short and medium term. Read more about this below here.
First here a little about the company Harboes Bryggeri B A/S (Ticker on Nasdaq Copenhagen: HARB B)
Harboes Bryggeri is a producer of alcoholic and non-alcoholic beverages. The business is located on a global level and is managed based on most business segments with each focus.
The product range mainly consists of beer, but also energy drinks, soft drinks, juice, cider and water. The company was originally established in 1883 and has its head office in Skælskør.
For more information about the company, please visit their website here: https://harboes.gcs-web.com/da
Technical Analysis of Harboes Bryggeri B A/S (Ticker on Nasdaq Copenhagen: HARB B)
Charts are from the technical analysis program Vikingen.
Technical Analysis of Harboes Bryggeri B A/S (Ticker on Nasdaq Copenhagen: HARB B):
The Harboes share in Denmark has shown strong development so far this year, and the share is moving within a steep upward trend.
The share may now be in the process of giving new positive technical signals by breaking out of a rectangular consolidation formation.
The stock has recently tested the support level down towards the 50-day moving average, and the stock has found good support down towards this level.
Various momentum indicators such as RSI, Stochastics and MACD signal further upswing for the share in the short term, and this suggests that the share will now break out of the aforementioned consolidation formation.
An established break now above the DKK 200.00 level will trigger a new technical buy signal for the Harboes share, and there will then be little technical resistance for the share until around the DKK 300.00 level.
Both of StockCharts365.com's own analysis models 'The SignalList' and 'The TradingList' are also in a buy signal for the Harboes share (HARB B).
Based on this overall positive technical picture for the Harboes share, the share is considered an exciting buy candidate at today's price level, and with a potential of 3-6 months ahead, at around DKK 300.00.
NB! Remember to have read and understood the disclaimer.
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