Get started
iwantinvest

Bulls couldn't set new a ATH on Playway; good spot to short

Short
PLAYWAY (GPW:PLW)  
iwantinvest Updated   
GPW:PLW   PLAYWAY
Harmonic Patterns Trend Analysis
4
0
harmonicpatterns trendanalysis
PLW

It looks like after setting a new ATH (due to excellent Q3 results) the bulls don't have enough power to bring the price to higher levels. I used XABCD formation + Fibonacci Retracement and I believe we may see the price falling to PLN 197.
Comment:
Playway has been in a strong positive trend for many months, plus the business has a great perspective ahead. I'm selling my shares next week to buy them back when they reach around the level of PLN 200.00.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.