Let's move on to analyzing what is happening in our Krakow company. In the beginning, technical analysis - treat with distance :) You don't have to believe in TA, but you have to bear in mind that others do. The price stopped at 0.786 fib. There is nothing under this support for a long, long time. So a fall in price below this level will most likely round the trend - bearish. The RSI shows the oversold level - a buy signal. Additionally, VWMACD is clearly approaching positive values, which indicates a change in the trend. The Money Flow Index shows a bullish divergence, a strong signal of opening a long position.
Fundamental analysis directs us to quarterly reports. Revenues from Q4 / 2021 and Q1 / 2021 decreased from 652 218 to 551 644 thousand PLN. Rather logically, the September-December 2020 period was more profitable than the December-March period due to the COVID situation in Poland. The result was fear. Still, stopping at values close to Q3 / 2020 is a good sign. Net profits pulled us back from Q4 / 2020 to Q1 / Q2 / 2020, which rather discourages people from investing in MRC. The next MRC report will decide the value of the stock.