Asseco Poland SA is a Polish based integrator of IT solutions. The company offers software and hardware consulting, software production and application, data communications infrastructure, administrative services, and software and hardware delivery. Asseco has been able to offer its solutions to a large part of the banking sector in Poland, government, military, insurance companies and international organizations and institutions.
Weighing this fundamental factor and the upward price trend, we believe that long positions at current levels are a good investment opportunity.
The upward trend has undergone a strong internal correction to levels at 49.55 - 50. Configuration 3 Black Crows suggests a resumption of downward movement, but the pinbar puts on brakes. In the previous session, the price was adjusted to 200 mid-range with the whole body, but yesterday the price closed below the period with the doji. Higher high and low but not full body. A demarcator in the resale zone, sweating below 0.40, signals that there is another short-term impulse down before conditions for a more convincing reversal of traffic.
Here we expect the price to continue its downward movement to the lower diagonal of support to test the uptrend in the area at 78.6 Fibonacci. There will be a better opportunity for long positions, with the price expected to rise to 54 in the short term.
The bearish variant suggests that the price will continue with the downward movement, breaking the diagonal. Here the direction can take the price to the bottom at 100 Fibonacci.
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