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Nel share: a strong start to the day, but … – chart analysis

Nels share price can gain noticeably in value today at the start of trading on the Frankfurt Stock Exchange. The share of the Norwegian hydrogen group climbs to 2.167 euros at the start of trading after a closing price on Friday at 2.138 euros. In early trading, the paper fluctuates between 2.15 euros and 2.168 euros. However, the title has not yet succeeded in attacking the decisive resistance zone at 2.188 / 2.195 euros, which represents the previous all-time high. The resistance range is formed from the two striking tops from July and September of this year.

The striking double high of 2.193 / 2.195 euros from the last few months remains safe – for now? In terms of the chart, the brand can be classified as a strong resistance. After the most recent price increase of 1.49 euros at the end of October to the high on Friday, the risks of a setback last outlined in the 4investors chart check for the Nel ASA share will remain in place for the next few days. Visible fuses in the daily candles, especially on Thursday, but also on Friday in the candlestick chart of the hydrogen share, remain warning signs without having to be understood directly as trend reversal signals.

So it will be an interesting week for the Nel ASA share in terms of charts. Here again the most important key points from the last 4investors chart check.

If there are further unsuccessful attempts to break out, a more extensive consolidation movement must be expected. However, the first stronger support should come up between 1.964 / 1.979 euros and 1.950 / 1.954 euros. Further sell signals to these brands could then really give the impending consolidation momentum. A breakout above the all-time high, if stable, would be a massive buy signal for the Nel ASA share.

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