Big block buying in FUNCOM could be catalyst for new uptrend
BUY Signal: Any move on high volume punching through NOK 15 and especially NOK 16.5 represents renewed positive momentum in the FUNCOM stock.
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The top 20 owner list in Funcom has been dominated by active traders selling off after the recent NOK 25 peak that occured after Funcom announced that Conan Exiles was the most profitable game ever for the company. (https://www.mmorpg.com/news/funcom-touts-the-most-profitable-year-in-its-history-1000050508)
Recent shareowner updates has indicated that new institutional owners are taking advantage of the current weakness in the stock to take a significant position.
Speculations at the very active norwegian growth investors community Tekinvestor.no is that it is the new Core Ny Teknik fund that is owning the position. (www.realtid.se/hauss...orvaltarnas-nya-fond)
Ahead of the Q4 2018 presentation, investors are expecting too see continued satisfying sales of Conan Exiles, and also satisfying sales of the sleeper hit Mutant Year Zero: Road to Eden that was launched at Steam during Q4.
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The top 20 owner list in Funcom has been dominated by active traders selling off after the recent NOK 25 peak that occured after Funcom announced that Conan Exiles was the most profitable game ever for the company. (https://www.mmorpg.com/news/funcom-touts-the-most-profitable-year-in-its-history-1000050508)
Recent shareowner updates has indicated that new institutional owners are taking advantage of the current weakness in the stock to take a significant position.
Speculations at the very active norwegian growth investors community Tekinvestor.no is that it is the new Core Ny Teknik fund that is owning the position. (www.realtid.se/hauss...orvaltarnas-nya-fond)
Ahead of the Q4 2018 presentation, investors are expecting too see continued satisfying sales of Conan Exiles, and also satisfying sales of the sleeper hit Mutant Year Zero: Road to Eden that was launched at Steam during Q4.
Transaction en cours:
Funcom stock has reached the crucial NOK 16.5 level and investors are very interested to see if his can trigger a further boost to momentum or if there is going to be some profit taking.