Stock Market Analysis
Instrument - Midas
Chart:
Many of us are asking whether the company who has had only a drop and was very much overrated finally has a chance to change the trend?
Personally, I think now it should be important for us to support 1.80 (peak in April and May of this year and now 50% Fibo recent wave elevation). If it will be defeated by the bears are bulls are not what count, but if there are visible and also nice job skupoważnie pretty good defense and most importantly, this level probably will klarował a slight upward trend which began to be a wave of "A" growing in around 2.10 which will generate a wedge from the last peak in the next week, leaving the mountain. MACD Oscillator for the time being does not react to a slight decrease (he hopes to continue its journey up) and Rsi showed us his own powerlessness to the drop, but if the trend really will want to change this Rsi can not give us a sell-off signal if the signal is, unfortunately, shows the wave "b" Rsi will like it the past will not give us a change in the trend of the oscillator. The closest resistance level is 1.94.
If you want to be informed about new signals (buy or sell) and the updates on this blog, please subscribe to our group on facebook.pl -> (plug on the right).
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
0 comments:
Post a Comment