Pattern on polish coal company (WSE:JSW next 21st feb) via /r/wallstreetbets #stocks #wallstreetbets #investing


Pattern on polish coal company (WSE:JSW next 21st feb)

Chart

This post is mainly done to spark a discussion whether some companies of foreign markets do indeed get a repetetive impact due to holidays in america.

Disclaimer:

Amateur here ( I have no clue what i’m doing), new sub member (most likely won’t be active other than some interesting finds like this one), this is merely almost a shitpost, also sorry in advance for any grammar errors since i’m not a native. NOT A BUY/SELL recommendation post just a question with some background.

Description of company and current situation:

So to begin with JSW S.A is a coal company (one of the bigger in Poland in the sector), with increased production in coal in Q4 2021 compared to Q3 2021 as seen in this report, and the fact that EU is increasing demand for coal due to rising gas prices as the factor of current geopolitical situation.

The pattern:

Back to the title which is correlation of America’s free days on exchange like the 21st feb coming soon enough some polish technical analyst (Yeah I know you guys love those) spotted a repeating pattern which includes the free days:

  • January 20, 2020 Monday Luther King Day (-4.6%)
  • February 17, 2020 Monday Washington Day (+ 2.35%)
  • May 25, 2020, Monday, Remembrance Day, (+ 4.57%)
  • Friday, July 3, 2020. Shortened session to 13 local time (19 CET) (+ 0.11%)
  • 7 September 2020, Monday Labor Day (+ 33.95%)
  • 26 November 2020 Thursday Thanksgiving (+ 6.36%)
  • 27 November 2020 Friday shortened session to hours. 1pm local time (7pm) (-4.78%)
  • January 18, 2021, Monday – Luther King Day, (+ 18.83%)
  • February 15, 2021, Monday – Washington Day (+ 6.69%)
  • May 31, 2021, Monday – Remembrance Day, (+ 0.5%)
  • July 5, 2021, Monday – Independence Day free, (+ 3.64%)
  • September 6, 2021, Monday – Labor Day, (+ 7.17%)
  • November 25, 2021, Thursday- Thanksgiving (+ 3.91 %%)
  • January 17, 2022 Luther King Day (+ 3.8%)

So I thought to myself is this really something that exists (Namely does a certain foreign company benefit or its just random and spread through all well-doing stocks during free days) and there is no place better than the gambler pit’s to ask 😀

Submitted February 18, 2022 at 11:59AM by SsebastiusS
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