pko bp - moving downhi,
situation is very bad. Looking on technical signals - macd is weak in week time frame, below 0 and without any signs moving up.
missing elliot waves - second and third ...
momentum is still moving down without any signs to take a big breath up.
still going down
still to go:
28 pln
then major support level 24 - 25 pln, what next? 18 zl if yes, then the trend is downtrend in long term - 5 years or more
don't catch the wave and moving falling knifes.
PKO trade ideas
PKO NeutralSeems like ending triangle. I expect it to rise to 35zł and then start correcting, it should not go lower than 31.8zł during that correction, otherwise it will break the rules for impulse wave.
This is not a recommendation. I am not a professional. Remember that you risk your money when investing and you should always think through what you are investing in!