nDam

Zealand Pharma at a turning point? I think so...

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OMXCOP:ZEAL   ZEALAND PHARMA A/S
Looking at this with a long perspective in Log scale, it seems rather obvious that we're in an overbought area where we need a correction.
Previously we've seen large correction the years following such a peak, but is this time different? Maybe, but surely not before a correction of 30-40% from the top, then it might bounce up quickly and set a new trend, who knows?
Yet, learning from the trend, I've made my guess on the future of this stock, not knowing anything about their fundamentals or their pipeline.

Currently I would sit back and wait for a better entry point if you're interested in jumping on the train.

This has been a quick look, and always do your own DD.

Happy trading.
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