PLAYWAY
Short

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

Updated
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.
Harmonic PatternsTrend Analysis

Also on:

Disclaimer