Long as the summer is warmI definitely see this one having big potential. They might be slowing a bit down in their Chinese segment, but thats just because the economy in china has been slowing down a tiny bit, but with all the new financial helping from the Chinese government, I think we will see the import starting to build up again.
On the other side of the ocean, we have USA. Kraft foods just went out and said that they have signed a contract with Chr. Hansen to deliver all of their ingrediens for the next 2 years forward.
Looking at the price, right now, I think this stock is a steal!!! Its also a good stock to have when the world economy is shit, because we still need food and ingrediens for our food.
So BUY BUY BUY!!!!!
Bottom fishing A bottom might soon be in. We are currently floating around the support level of 102. Accumulation phase would be around 92-102, a break of 92 could mean that we would see level of 65.
The delta volume shows decreasing selling pressure, which could suggest that a possible turn around could happen anytime and short sellers might is looking for buying back their shares.
The short intrest is at 4,65% of shares outstanding. which will help squeeze the prize out of the downtrend when they are closing their positions.
A turn around can be confirmed when price closes above 9EMA/110 with volume and positive delta.
This is intended for educational purposes and not a recommendation or trading advice