NEL Hydrogen stock drops but fundamentals remain strong

In January, NEL Hydrogen finished a very successful large private offering at NOK 5.45 ( https://nelhydrogen.com/press-release/nel-asa-private-placement-successfully-completed-2/ ) , but both the technical uptrend and fundamentals remain solid, with the company set to invest the proceeds from the placement in rapidly scaling up production facilities.

Company twitter feed for news: https://twitter.com/nelhydrogen

Trade geschlossen: Ziel wurde erreicht:

Time for faithfull NEL Longs to start securing some of their gains, as the stock is now firmly within oversold territory, and the market cap of the company is at a fairly bloated level.