Axactor Long

Axactor seems to have entered a bullish pattern through the formation of an ascending triangle. An upwards breakout could generate a boost in this bullish trend in which the target would be set to around 13.50 NOK . 10 and 20 day MAs have crossed the 200 day MA on the 1 hour and 4 hour intervals, and are closing in on the day intervals. RSI indicates that the instrument has not been overbought for some time. As far as the debt collection industry goes, there are still major areas of improvement (automation of technology) and possibilities for expansion. How well Axactor is able to take advantage of these possibilities will of course also determine determine its future stock price.