[04 July 2024]
The Swedish company and share Jumpgate AB (Ticker on Nordic SME: GATE) is now at the very bottom of a long-term falling trend, and the share may now be at a very favorable level to buy the share at.
As far as StockCharts365.com can see and understand, there can't be much downside in this stock here from today's level.
This very exciting company is valued today at only around SEK 52 million.
StockCharts365.com believes that the stock can easily both double and possibly multiply within a short time now.
First, a little about Jumpgate AB (Ticker on Nordic SME: GATE)
Jumpgate is a game development company founded in 2011 and headquartered in Visby.
Jumpgate AB is a gaming-focused concern that aims to turn fun and passion for gaming into successful and sustainable business. The Group develops, produces, and publishes games and other digital products across multiple distribution platforms.
The Group’s companies have established collaborations with strong industry partners, leading brands, and exciting product portfolios with large growth potential. The Group operates in the global market, distributes its games worldwide, and has a well-developed and extensive international network.
The Group now comprises five subsidiaries. The individual studios each have their specific focus areas, strengths and core competencies. All the studios and in the end Jumpgate, as a whole, benefit from knowledge sharing, process uniformity and specialization which creates key synergies that greatly improve company wide development compacity and quality.
The core of Jumpgate’s successful creative work are its employees, who make the “difference” with their passion and experience.
The Jumpgate Group is focused on a measured growth strategy and is constantly vigilant for business unit targets that provide synergy to realize value potentials and increase shareholder value.
For more information about the company, visit their website here:
Technical Analysis of Jumpgate AB (Ticker on Nordic SME: GATE)
Technical Analysis of Jumpgate AB (Ticker on Nordic SME: GATE):
The Jumpgate share has shown a weak development in recent years, but now it may well have reached a bottom here around SEK 0.05.
The share is now all the way down towards the lower trend line in the long-term falling trend, and the share is heavily oversold in the short and medium term.
A reversal upwards can therefore be expected within a short time, and there will then be little technical resistance for the share until around SEK 0.16. That means around three times the current share price.
Further up, there will be technical resistance towards the upper trend line in the long-term falling trend, around SEK 0.28.
Based on the overall technical picture for Jumpgate (Ticker on Nordic SME: GATE), the share is assessed here at the support level around the lower trend line in the long-term falling trend, and could be at a very interesting level to buy the share at.
For information, the undersigned has himself bought shares in Jumpgate here today.
NB! Remember to have read and understood the disclaimer.
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