Technical Analysis: Polimex Mostostal is approaching a key resisPolimex - Mostostal SAGPW_DLY:PXMPrzemyslaw_BlachutAfter breaking through key resistance in the 6.50–6.52 range in September 2025, the price broke out of the consolidation phase that had been ongoing since 2015 (likely an accumulation phase). On the monthly chart, we can see the price moving within a trend channel, neatly respecting its upper and lower boundaries. The price is likely now heading toward the upper boundary of the channel. Possible scenarios are outlined on the chart—bullish scenario L—base scenario. A correction to the lower boundary of the channel is an alternative scenario. KEY LEVELS strategic support: 6,50-6,99 Resistance: 17.40-22,00 Trendline/trend channel: blue lines Key EMA (9 / 21): blue and red Ema 9 tracks the stock price STRUCTURE : A breakout from a consolidation pattern that has lasted over 10 years suggests that, in the long term, the price will rise in accordance with the principle that the longer the period of demand consolidation, the longer and more dynamic the subsequent price movement (upward trend) will be. Therefore, we will identify subsequent higher resistance levels should the price break out of the described channel with an upward impulse and accelerate. Bull Case: Breaking through the nearest resistance level at 9.99 will likely trigger a rally toward the key resistance zone described above Bear Case: A downward correction toward the strategic support level will delay the bullish scenario, while a break below that support level will shift the market to a bearish trend. INDICATORS EMA 9/21 A break below the 9-day EMA will signal early signs of bullish trouble The current setup offers a potential opportunity DISCLAIMER This analysis is for informational purposes only and does not constitute investment advice. Przemysław Blachut Blachut Equity Research