Long
OAO Gazprom Levl 1 ADS

From a technical point of view, we prefer to go long after sure breakout of resistance level which is 5.30. The reasons for long entry are breakout of trendline and inverted head and shoulder pattern. Moreover, price broke the 200MA and resting it before making Hh. An entry point could be as stated, closing above 5.30 with target zone 6.10. Stop loss is based on your money management.
- Support (Team)
- Support (Team)
Note
DisclaimerThe above and further references are opinions and are for information purposes only. It is not intended to be direct investment advice. These information are provided for free of charge and have not taken into account your personal financial position or objectives. Therefore, we do not take any responsibility for your loss of capital or other kinds of liabilities. Before proceeding please refer to a “licensed adviser” and “tax agent” of your country of residence.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.