WIG 20
WIG20 and its correlation with OIL priceOver the span of 20 years WIG20 has shown high correlation with Oil price. Oil is leading so both are heading lower
*LONG* -Ascending Triangle pattern-On the graph, we can see a typical ascending triangle pattern. The breakout point should be at ~2131.77.
Potential H&S Pattern + falling wedge on right shoulder on WIG20We will see how will it going in the next 1 year.
Of course if bear's world financial crisis will not wake up.
Unimot UNT Polish StocksUnimot seems to have another round of incline in near future. The goal price is approx 40 PLN.
ATT Azoty Tarnów Polish Stock MarketAzoty are more probable to push upwards now than continue corrective movement. Company needs some institutional purchases to improve price fluctuation.
Beware of support level /C wave bottom/.
WIG20: Strong long term bullish opportunity.The Polish index is approaching the 2,080 October 2018 Low and 1W Support Zone (2,013 - 2,085). With 1M on the lower levels of neutrality (RSI = 45.568, ADX = 19.801, MACD = 34.710) we are on excellent technical long term levels for a bullish reversal towards the 2,600 Resistance. If the E.U. fundamentals help in 2 years time it may even break this Resistance, which if crossed, is an automatic buy to 2,900.
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