Company Profile
Description: Company is one of the largest chemical companies, manufacturers of synthetic rubber and polystyrene. Its activities focus on three groups of products: synthetic rubber and latex (50% of revenues), styrene plastics and vinyl and copolymer dispersions. The company's mission is to satisfy customers' needs for raw materials, intermediates and chemical products intended for further processing into final products.
President - Dariusz Krawczyk
Chart:
Hi all very welcome on my blog. Last week
Synthosu shareholders were not too interesting, but today I decided to make a technical analysis of the company because of the great interest of investors in what may provide the speed and the growth that the company gave in the last year. Why today is a company caught my attention? We can now see in large formations młotu turnover (buy signal was generated but not me I bet that on Thursday it will be generated to czwartu expect the share price in the area 4.10. Today's session
opened a strong gap down, and such a great supply of what was in the morning has encouraged many investors, then the bulls odrabiały losses until we were able to finish in 2% profit. Rsi visible on the oscillator is a strong reflection from the lower limit, while the MACD after today's session went in to generate a signal to buy it really has not much missing. Some may believe that moving averages are here to play a significant role (in this diagram is shown in a negative way) but I will say that for the next 2-4 days, the mean they have nothing to say. Rubber prices also rebounded from the nominal support and also left a slight shadow at the bottom can be interpreted in a positive way.
Well here I will not elaborate too much, I sincerely encourage you to buy (something you'll never regret it.)
sum the company is currently at the bottom of the channel growth which is a good place to open position.
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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