Russianstock
Russia - RTS$ Index - Does this suggest War will go end? Does this suggest War will go end?
A multi-year triangle gives us a clue.
Triangles are one of the most recognizable patterns in the Elliott Wave Principle. As with all wave patterns, they occur at every time scale and the large-degree triangles are especially interesting because they often contain a notable socionomic element.
Large-degree triangles in rallies are bear markets. Sideways movement in nominal terms means that, with consumer price inflation generally positive, in real terms, market value is being lost. Large-degree triangles during stock market rallies are manifestations of a negative social mood. It’s not surprising, therefore, that the ends of triangles often correspond with a news event of a social action that has been driven by this negative mood.
The chart above shows the Russian Trading System Index. This is a free-float capitalization-weighted index of 50 Russian stocks traded on the Moscow Exchange, calculated in U.S. dollars. As such, it takes into account the performance of the Russian ruble as well as the stock market. Since 2008, the index appears to have traced out a multi-year triangle, with the final wave ((E)) down now in operation.
Notice that it was towards the end of the decline in wave ((C)) of the triangle that Russia made its first incursion into Ukraine in August 2014, escalating it further in November of that year.
Fast forward to 2022, and with over 190,000 Russian troops in on Ukraine, another incursion happened. Nevertheless, Russian President Putin states that he has no intention to invade other European countries.
Given the Elliott wave pattern, and what appears to be the waxing anger of the final wave lower in social mood, we take those statements with a bucket-full of salt. This sociometer is anticipating that a dramatic social action it's coming to an end?
The US Markets Have Not Fallen yet
It's make me angry! All this situation around Ukraine. I'm from Russia and I'm not ashamed of it. Although there has come a period that it is not safe to be Russian now. And I'm worried about my kids because their mama is Russian. My husband from Germany and we live in Germany now and it is here that anti-Russian sentiments are especially strong!
I always considered myself intelligent and thoughtful, it's not for nothing that I work as a financial analyst. But now I feel confused.
If I would stay in my country I believe that I will have more opportunities to use this situation but I'm here. I'm sure that european governments understand what they doing. And also they represent what kind of reverse effect sanctions against Russia will give them.
The United States has imposed a ban on the import of oil, a number of petroleum products, liquefied natural gas (LNG) and coal from the Russian Federation. The British Foreign Ministry called on Europe to extend sanctions on oil and gas from Russia.
I will not say that many people will lose their jobs in Russia because of sanctions, and life in general will become more expensive. But it will be hard in Europe, too.
Have you seen gasoline prices yet? In Germany, the cost of 1 liter has increased to 2.30 euros, in the Netherlands it is already 2.5 euros. Ads appeared in stores stating that there are restrictions on buying products in one hand. And it is only beginning…
If you ask how did the sanctions affect me? I will answer that for the third week my work has been frozen because there are no traiding in russian stock markets. Some of the clients I work with are also from Russia, their accounts are also blocked, my bank card is disconnected from SWIFT and I can no longer use it until I return to Russia.
What else? Oh, yes, the dollar and euro exchange rates against the ruble have increased by 38% and 30% over the past two weeks.
The news that I read and analyze in Russia and Europe differ as black and white. I will not say who is right, the truth is in the middle. But why does everyone forget and do not want to admit that this whole situation in Ukraine happened thanks to the support of America? And that the Russians have been oppressed for 8 years? And that in general, the United States has always benefited from war on the territory of other countries and it is convenient to write off miscalculations and failures in the economy under this idea.
I apologize for this post, but I can't stay silent anymore. I want other people to think about what is really happening and that Russia is not the first country to face an economic blockade, there were Iran and Venezuela. So the point, as always, is who benefits from it!
The US markets have not fallen yet, look at the weekly chart of the S& P500 and remove all illusions, the nearest target is 3600-3800 points.
Buy the Russian stock market dipThe Exchange-traded funds RSX represent a basket of equities, allowing investors to get exposure to a broad basket or sector of stocks with one purchase.
This ETF is designed to track MVIS Russia Index, meaning that it holds stocks of Russian companies or those who generated at least half of their revenue from the country.
It is probable that tensions diminish over the coming years because this level of uncertainty isn't good for the global economy and it is in the best interest of all parties to amend relationships after the dust settles.
We will enter this trade with a 3 year time horizon.
Sberbank to break, but only with good earnings reportHi there, I've been following Sberbank and here are my thoughts: there is a strong resistance level at 290-296, which is facing an uprising trend line (dotted line). In simple terms, I expect a continuation of a trend with a break out through that resistance level. Sberbank is being fundamentally strong company, hence I expect positive breakout. The only major concern is an earnings report on the 26th, hence I do not expect a break out before that. MA50 tends to be a local support level for a trend.
Of course, the earnings might not match expectations and then I would expect a pull back to test new levels later, but let's see.
Not an advise to invest, but feel free to share your reflection!
Overview of GMK sharesA wedge pattern is formed on the daily timeframe, which precedes growth . Perhaps the price will make another movement within the formation, and then go according to the planned scenario.
Oversold, inverse head & shoulders, pre-earnings runupThe "Russian Google" reports earnings on October 28th, is currently in near-oversold conditions, and may be showing an inverted head and shoulders pattern on the daily.
Lenta's stock price is expected to growConsider Lenta's shares on the London stock exchange. A wedge pattern has formed on the 1-month and 1-week timeframe. Globally, I expect this stock to grow .
SBER bullish signal to watch .For now It seems that SBERBANK might be heading towards the 190-193 area to bounce up from there but as long as it doesn't close considerably below the red line , MOEX:SBER is very likely to go upwards to around the 238 IF it breaks the green line at around 206 considerably and closes above it . I think it's a key area to watch for people willing to buy .One of the early signs indicating a strong probabily that we will break above the 206 area would be a strong break of the 200 mark and a closing of the market considerably above the 200 .I would say it would be wise right now to HOLD MOEX:SBER until further notice .
GAZPROM looking to go up .MOEX:GAZP is looking to go upwards to around the 190 area this week .
It could even go up to around 200 area if price closes significantly above the 192 mark in an upcoming day .
Before shooting up , it might go down to the 183.5-184.5 area after the market open and then from there go upwards to the 190 area .
A more detailed analysis is to be found in the comments .