| The share price of automotive spare parts distributor has slowly been going higher and higher since May 2010. In the middle of January the price reached a level which started the wave of constant increases. In the middle of May 110 PLN was crossed, a level set by previous market boom, and this can be treated as a potential sign for buying. | |
Also its positive result is confirmed by the system of lines in directional move factor. On Wednesday afternoon shares of the company went up by 4%, up to 130 PLN.
Next target price is 140-145 PLN, and in a long run the share price should go towards its ever high of 173 PLN. The closest support area, which should stop prospective corrections, is lying between 111.50 – 108 PLN. Market boom is not in danger, as long as the price is above the line of long-term trend, which is now around 87 PLN.
source: Parkiet Warszawa 17-06-13
Dz. / No 138
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