Tuesday, 14 October 2014

FTSE Stock Pick for Tuesday : Polymetal International Plc



Stock pick of the day for London stock exchange
FSTE stock pick of the day

RECOMMENDATION BUY
TARGET 540
The primary trend of Polymetal International Plc is bullish and from last few trading session stock is showing strength for buying and looking strong on charts.Stock is facing support from the level 468 sustaining above that can show northward journey.One can initiate the long position in the stock above the level of 500 with Sl 465 for the target 540.

CHART FORMATION:-
Stock has managing to trade with positive bias and consolidating near to resistance level crossing of it can show northward journey.
Stock is sustaining above 50 DMA & 200 DMA with positive bias.

INDICATORS:-
RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.
In ADX is trading near to25 level , Positive DI is about to give the break out above negative DI with positive bias.