KGHM - in front of us again, "Summit" March 28 and Petrolinvest
Company Profile:
Description: producer KGHM is the sixth electrolytic copper and a second silver in the world. Electrolytic copper from KGHM is registered by the London Metal Exchange (LME) as a Grade A, and silver registered under the name of KGHM HG. Apart from the above company also manufactures including gold, lead, sulfuric acid and rock salt. KGHM is one of the leading Polish exporters.
President: Herbert Wirth
Chart: 'Daily
Hi all very welcome on my blog, today I would like to analyze the largest company on our floor namely, "KGHM."
Since January 2009, when KGHM shares cost less than 30 PLN, we are in long-term uptrend and if nothing goes for the fact that this trend will end so quickly.
Looking at the diagram, we see strong resistance at the level of "189" which is probably in the next few days will be tested "personally put on a Thursday or Friday. The last adjustment had resulted in went off the mid-term upward trend accelerated (Bulls had no strength to fight for summits they went too rebellious) but we waited and we waited in the main trend line has come to test that level. I believe that this resistance will be defeated because the strength of bulls lately is visible (much higher turnover rate than the increases during the decline. Oscillator MACD has generated a buy signal and is nominally low levels of what constitutes a good position input, while the RSI is in the vicinity of neutral.
odreagowanie saw further acceleration of the correction which has resulted in short-term move away from the Sma Sma45. powiniśmy course, also rely on quotations of copper which I think looks quite interesting and also in the near future powiniśmy welcome new heights. However, if it happens that the bears will take over the initiative (approximately 23% probability) will be important level of support at 165.1 Well Seen here Stop-Loss (which zabezpieczny us against possible losses)
Figure II "weekly"
Looking for a longer period of KGHM still looks very interesting, after a fairly strong correction in July last year when it dropped below short-term, everyone began to be afraid of a getting rid of some shares but if it was necessary if the company again has a chance to new heights and to beat 200 PLN per share? the week looks interesting Sts oscillator which gave an obvious buy signal and is probably thanks to him 200zł overcome barriers in the coming weeks. Yours cordially
Matthew Szczepanik
Technical Analyst Financial Markets
Mateusz.szczepanik1 @ vp.pl
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