JSW - many opportunities to nice growth.Hello, I've been looking at what people are writing on the internet about JSW recently and it's hard not to get the impression that some investors are dreaming of growth. Some are really pushing for growth.
From the point of view of technical analysis, the price must break through the share price at PLN 33. It would be best if it made a megaphone pattern like in 2020 - PLN 21 - 28 - 40. Then we could talk about a trend reversal.
I'll just say this from the perspective of a player who made money and lost. Nothing is certain on the stock exchange. Even if the Chinese government is trying to stimulate the economy, this is one of many factors that affect the JSW price. I would look at the market more broadly - AMR, HCC, MT and there is no spectacular change in direction. If the price lingers between 30 and 40 and does not go higher, it is not so certain and clear. And the European market itself is obviously not competitive with either China or India, which live their own lives, markets, separate currencies and other stock exchanges. That is why my opinion on JSW is neutral.
Personally, I think there is a large triangle and a small one on the chart. You can also see RGR. We have some kind of bottom, but is it this one? Will it not go lower? Probably not, I bet on side mushrooms and that is for sure. The chart would have to go beyond the resistances and that will be really difficult.
The Polish stock exchange is a separate topic, if someone is deeper, they know that USDPLN is the most important and WIG20 is read in USD. How the Americans play will tell us everything.
I would not be an optimist or a pessimist, but a realist. The forums are beautiful but they only reflect the emotions of the players. Only XTB made money and this is a model model of how to build a business - ABB, building a book of demand and dividend. Sell shares to large players and they raise the price up. There are too many risks at JSW, including political ones, and there is not even a shadow of an option for such a move.
