Telecom sector in Poland is not really popular lately. As I recall the aggregating index WIG_TELE got removed due to not interesting, following modern trends or something.
While looking at this from monthly perspective it has to be stated that it got really cheap lately although it is honest and can be easily spotted by anyone in Poland that monopolist had to...
This is an update to: www.tradingview.com
As noted before we lacked upward movement that could end 2nd elliott wave in a statistically popular fibo retracement level. As short squeeze against Mevlin Capital inspired detail investors we have reached a popular level of 61.8%. It seems that memes have lost their momentum for buying stocks like GME or AMC according to...
Fundamentals:
CyberPunk 2077 is significantly below expectations
Latest significant patch is not getting only positive results
Speculations:
Sales are significantly down due to refunds and cutting price almost by half of game copy
Technicals:
First downward movement by Elliott Wave theory is an impulse wave that was initiated by fact sellers. Current...
Not really of strong opinion about that. And its the middle of the night for me but I felt to publish that idea just in case I was right :)
I used Elliot Wave Theory here backed with some fundamentals. From the top we can notice a movement that we can define as first impulse wave. Correction could be classified as ABC reaching a popular Fibonacci level which is...
Technical:
An hour precision chart indicates possible head and shoulder formation, negative RSI. Day precision chart indicates RSI almost at its 80s and if a divergence is to be build somewhere there is a high chance it is here.
Fundamental:
Low stockpile of copper in China has inspired a rally but at this level of stockpile ALWAYS in the past we have seen a move...
Nikkei 225 just hit significant fibonacci retracement level - 61.8%
“Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria” - John Templeton
Ask yourself at what stage we are from famous John Templeton quote
Interesting fundamentals. P/BV - 0,7 P/E - 33,03. Healthy cash flows, profit. Strategical investments look good considering COVID-19. Fundamental risk to profit is price increase of natural gas.
Interesting technical formations and targets.
Alternative scenario (pink) assumes that current growth only targets to create B from ABC correction.
On 1h interval we can identify a potential head and shoulders formation. Sadly confirmation of this move would be dodgy if the move would start after Europe closing. I would watch closely Volume and what happens in US stock for the rest of the day. Risk and Reward ratio seems promising but I would beware of playing that if the move is not confirmed by volume. MACD...
