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dekotrd
Apr 7, 2021 2:40 PM

POLYMETAL INC Long

Description

MOEX:POLY

Poly is a large Russian company specializing on gold and various precious metals mining.
Been correcting in a falling channel since September. Formed divergences. I started to accumulate position since green blocks. My lowest buy block is situated in 1270 area.
Targets in red.
Can be nice mid-long term gem.
Good luck
Comments
BrendanRiordan
Nice call, they also pay a healthy dividend. The price is heavily correlated with gold, when Gold decides to move upwards this share will probably do the same.
dekotrd
Thanks for your comment.
Agree with every point you made. Strong correlation with gold.
I use this company as a hedge in hard times :)
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