Synthos - formed a strong buy signal, "I invite you to invest,"
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: Krawczyk Dariusz
Chart:
Hi all very welcome on my blog. Today I would like to introduce a company that moves to continue the long-term uptrend, "Synthos.
What can we say about the technical situation of the company?
technical situation is clarified to us very well during today's session close to 6% growth was a strong buy signal on the MACD oscillator. Rsi oscillator gives us a fairly low fixing of the price which might give us a fairly large range of growth, personally I would expect the growth rate here to the upper limit channel growth where there is also resistance to the last peak levels of close to 4.70. Looking at the two moving averages once we see strong penetration of these levels as well as closer to the short-term Sma45. (For 2-3 days should be puncture Sma45 by Sma45 - which will give us a strong buy signal). A strong level of support in which players must rely fundamentally - a long-term level of 3.65 (well set the SL below the level of support).
Personally, I think this week should be on the side of bulls, I would expect the exchange rate at the end of the week close to 4.65, followed by light corrective rebound from the resistance levels of 4.40 to the support that will be created and re-attack to the summit which is very likely a good mood thanks to the world as well as the increasing price of rubber.
In summary, the technical situation is very interesting which leads us to invest with a view to much, much higher levels.
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Any questions, suggestions, requests for tests, please sent to the e-mail address Mateusz.szczepanik1 @ vp.pl or hh: 13100924
Yours cordially
Matthew Szczepanik
Technical Analyst Financial Markets
Mateusz.szczepanik1 @ vp.pl
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