COLUMBUS A/S
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Possible turn around for Columbus - Long Position

Danish Midcap IT firm Columbus normally avoids public radar, which might allow some upside here.

Considering the past 6 months' development, I don't believe the major price fall is completely justified and I believe a turn around is possible.
The recent development in the stock price shows strong support in 8.70 DKK, whereby this might be a long term bottom and hereafter support for positive development. During December increasing volumes have shown, while weekly RSI is still low despite increases.

When comparing P/S Ratio and P/E ratio to local (larger) danish peers (Columbus=green), Columbus is strongly underpriced considering their Q3 YTD.

I will go long when the price is 9.50-9.60
Stoploss 9.25
Target A 10.54 (1st possible strong resistance level )
Target B 11.60 (2nd possible strong resistance level )
Beyond Technical AnalysiscolumbusdanishdanishstocksLONGTrend Analysistrendbreakturnaroundundervalued

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