RUSSNEFT - a rebound in price after a strong fall?
The Russian oil company, which, during the crisis, significantly increased debts and pledged low oil prices. Also, a private pension fund came out of this asset. The stock is pretty grossly undervalued. The price found good support. The stock price is observed to exit the falling wedge, which may signal an imminent strong upward impulse.
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.