Is this trend a good trading opportunity?
Will Polymetal turn, or will it continue to rise to August 16′ highs of 1208.5p (+13.5%)?
- Shares shown momentum since early May; rallied 27%
- Now trading 1064p (at the time of writing).
- Will the positive momentum continue towards 1208.5p (+13.5%)?
- Shares -0.25% from 2019 highs; +27% from 2019 lows; +37% year-to-date.
- Gold prices benefiting from weak USD and geopolitical tensions
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal