MRC MercatorLikewise many polish companies charts, MRC last few months seems to be an accumulation period. Lately we could notice an upward impulse. Hopefully it is just a beginning of an incline do 120-250 PLN.
Trade ideas
MERCATOR - wciąż w kierunku 80złZgodnie z historycznymi statystykami zakrycie połowy czarnej świecy oznacza w 70% szanse na jej całkowite zakrycie. W przypadku MRC oznacza to zejście do poziomu 80zł w średnim czasie 4 miesięcy. Na wykresie dzienny byki bronią co prawda lekkim dolnym cieniem poziomu 100zł, ale według nas owe minima powinny zostać w najbliższym czasie poprawione.
Mercator - MFI bullish divergenceLet'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.
ez SL, great foundation, Risk;Reward ratio 60Read about company because it earns alot of money. They produce gloves. Maybe this is the moment to buy... we will see. Great Risk Reward ratio as fundamentaly this company should be priced PLN 1500
Two important levels to take long.Two Fibo levels on 250 and 150 PLN it will be good oportunit to take long.
