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Masterplast
The best performing role of the Hungarian stock exchange this year, the Masterplast Today, it has been able to climb back to a new all-time peak, due in part to the company entering 2021 with serious expectations. During an interview with Portfolio, Tibor Dávid said that the company has several irons in the fire, about which the CEO promises to be informed early next year. Among other things, the president spoke about the fact that Masterplast’s total presence in the healthcare industry could reach the level of the construction industry by the end of the decade, and commented on the skyrocketing share price. this year. Masterplast remains one of the best performing members of the Hungarian stock exchange, the stock was close to 10 percent, where a withdrawal came from, and currently the strengthening is 5.2 percent, and this year the stock has recovered. more than 175 percent.
Masterplast’s exchange rate remained mostly sideways until mid-November this year, when the crazy recovery began and in almost a month and a half the exchange rate rebounded by almost 150 percent. It is not easy to find handrails on the Masterplast chart, it is clear that the stock has outperformed all major time periods, the RSI is 91.6 points on a monthly chart, but the value of the indicator is close to 80 per day, so the correction is worth it. What is worth paying attention to is the 1,900 guilder level, close to the 23.6 percent Fibonacci level, which was attracted by the rise from November to December.
Waberer’s
The rally continues today Waberer’s Also, despite the fact that there is already an incredible week behind the stock, as the price has skyrocketed since last Monday’s close. Based on the announcement received on Tuesday, new owners appeared at the company, including the former great owner, György Wáberer, and investors immediately began pricing where Waberer’s story could go with experience, expertise and network of the new owners. Speaking of which, over the course of a week, the paper rallied more than 45 percent, becoming the third-best performing stock on the Hungarian stock exchange this year, up 62.5 percent. Waberer’s share price rose 7.9 percent today.
The Waberer exchange rate has been trending up from its low in March, and then the rally actually picked up speed in December, as it rose 54 percent this month. In the short term, Waberer’s outperformed significantly, the RSI has already reached a very extreme value of 85, so there is a retraction in the deck, in this case it is worth looking at the area around HUF 1,550, which previously served as support and resistance several times.
Opus
The best performing stock on the Hungarian stock market so far is Opus, whose price jumped to more than 10 percent following the announcement yesterday after the market close that the company is preparing to buy E.On Tiszántúli Áramhálózati Zrt. The publicly traded company announced in an official announcement Monday that it had made a binding offer to buy Titas on December 23. The transaction can be closed in the third quarter of 2021 after approval by the Hungarian Competition Authority. Opus price is still 10.6 percent lower this year after today’s 10 percent rally.
Opus’ share price followed a downward trend after the March-April boom, followed by a turnaround in November, with the stock rising nearly 50 percent in 2 months. Although the stock is far from being overstated on a RSI-based monthly and weekly chart, the indicator’s value has already reached 75.5 on the daily chart, and withdrawal from such levels has already been received earlier, so it may be worth HUF. 282-287. to pay attention to an area where the local peak in June, a gap remains on the chart after today’s open, and the Fibonacci level, which was attracted to a November-December rise, also falls.
Featured Image: Budapest Stock Exchange
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