FRIEDRICH VORWERK GRP SE
เพิ่มขึ้น

Bullish fundamentals, consolidating technicals

Fundamentals
The war in Ukraine and the resulting sanctions have led European countries such as Germany to rethink their dependency on Russian natural gas. In fact most European countries are actively pushing for banning Russian natural gas imports and substituting it from other sources. Such a move requires a massive investment in new natural gas infrastructure, such as liquified natural gas terminals, new pipelines or general technical improvements of the natural gas grid. All these technical changes of the natural gas grid have to be implemented by someone with relevant experience and track record. In this respect Friedrich Vorwerk Group VH2 seems to be an excellent fit for that job.

Technicals
Since the start of trading in early 2021, the price action has followed a downward trend. But all that abruptly changed once the war in Ukraine started. Since then the stock has made decent gains up to the point of being technically overbought. These overbought conditions seem to be getting worked out by consolidation at a very strong support of around 36.7. It seems to form a bull flag pattern on the daily and since all the fundamental tailwinds are still in tact there is little reason to doubt that there are more gains to come once the technical overbought conditions have been worked out.
europeFundamental AnalysisgermanyTechnical IndicatorsNatural Gas

คำจำกัดสิทธิ์ความรับผิดชอบ