Since the beginning of the year the share price is staying in an increasing trend. Te sequence of peaks and lows is kept higher and higher, and simple moving average is showing that the market is not in any danger now.

Averages for 15, 50 and 200 sessions are directed towards the north. Moreover the advantage is shown by +Dl and –Dl lines, the +Dl is above the other one, and ADX keeps growing. In the middle of October the share price went up to another average trend peak of PLN 182. This means that another wave of increases is coming.

Yesterday the price of share went up by 1.5%, to PLN 195, new all-time high. We can expect some other records in the near future. Buying shares it is worth to secure the transaction with a stop loss. Stop loss should be somewhere between PLN 155 and 149.5, that is where the previous correction was finished.

parkiet30-10-2013-2.png

source: Parkiet
Warsaw
30-10-2013
DZ. / No 253

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