Profile:
Description: One of the largest construction companies on the Polish market. General contractor for construction road, general and organic farming. The Budimex managed by the SA group also includes: Budimex Real Estate, who runs a real estate developer, Budimex Danwood, which is engaged in designing, manufacturing and assembly houses with wooden frames and Mostostal specialize in the manufacture and assembly of steel structures. Budimex is a strategic investor Ferrovial, one of the leading construction companies in Spain with a global reach. The group employs about 3 thousand. people and its annual revenues exceeding 3 billion.
President: Mark Blocher
Chart:
Hi all very welcome on my blog. Today, construction company under the microscope "Budimex"
What can we say about the technical situation of the company?
Budimex moves for a long time in a long-term uptrend (channel growth very well marked on the chart above company.) Recently there were some interesting signals, which helped to generate a signal on the oscillator MACD buy. After a long consolidation and even the depreciation of the Japanese share was a candle with a strong lower shadow TKZ Hammer "- which has helped Fromacja to leave the mountain with a symmetrical triangle on increased volume. Subsequently, on 30.03.1911 was pierced resistance, and was designated as maximum from the end of January this year which also can be interpreted as a buy signal. Turnover during the growth is more than 20 to 50% higher than during the consolidation or the supply of shares. (Average calculation). Short-term moving average broke through the bottom Sma45 which contributed to the intervention of bulls and raise the current exchange rate. Techniczym main support on which the coming months will depend on the level of 38.2% Fibonacci last hill yet the lower limit for channel growth - the level of 90. However, the level of resistance which should be pierced in nasjbliższych weeks is the level of 104 followed by the 106th After piercing the peaks of November we can expect a fairly strong intervention of bulls and purchases of shares in the surrounding 116zł. (There should be around week consolidation at these levels.
any questions, suggestions, requests for analysis, please send an e-mail Mateusz.szczepanik1 @ vp.pl or hh: 13100924
Yours cordially
Matthew Szczepanik
Technical Analyst Financial Markets
Mateusz.szczepanik1 @ vp.pl
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