Nel ASA Stock: Technical Analysis of Uptrend and Consolidation

Nel ASA Stock: Technical Analysis of Uptrend and Consolidation

The article discusses the Nel ASA stock, which has seen a rally up to 17.55 Norwegian Kroner followed by a period of consolidation. It mentions that the stock has found support at 15.44/15.65 NOK and that an upward break above 16.23 NOK could be a sign of an attempt to reach the resistance zone at 17.44/17.61 NOK. However, should the stock fall below 14.90 NOK, strong downward forces could be triggered and lead to further consolidation towards 13.21/13.28 NOK or lower levels.

In summary, this article is discussing Nel ASA’s stock performance and possible future movements based on technical analysis of its chart data, highlighting both potential opportunities and risk factors for investors to consider before investing in the company’s shares.

Nel ASA: Hydrogen Fuel Solutions

Nel ASA is a leading global company providing hydrogen fuel solutions. They offer a wide range of products and services for the production, storage, and distribution of hydrogen fuel. Their core business includes electrolysers, fueling stations, and hydrogen refuelling systems. Nel has been in business since 1927 and is headquartered in Oslo, Norway. They have operations in Europe, North America, Asia Pacific, and the Middle East. Nel is committed to providing clean energy solutions that are cost-effective and environmentally friendly. They are dedicated to helping customers reduce their carbon footprint while increasing their sustainability goals.
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Picture source: Federico Beccari

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