TURNING POINT IN INCREASE TREND OF GAZPROM NEFTTECHINCAL ANALYSIS OF MOEX:SIBN
What do we have?
1. From July 2017 to October 2018, share prices of MOEX:SIBN increased by more than 115%.
2. MACD is below 0, which indicates a decreasing trend.
3. The DM shows the beginning of the suppression of the negative trend of the extreme line from the bottom up, which also indicates the beginning of the declining trend.
4. ATR indicator, which is formulated as follows: the higher the value of the indicator, the higher the probability of a trend change; the lower its value, the weaker the trend direction. In this case, the indicator is located at the highest levels at the top (12.4) and indicates the damping of the uptrend. The last time this value was in February 2015 and after that the price rolled back by more than 40%.
5. The ADX indicator is in a low value, which shows a trend towards a reversal or correction of the market.
Conclusion.
Most likely, prices will decline to a minimum of 317 rubles, which corresponds to 38.2% of Fibonacci retracement from the current growth. The confirmation of this prediction will be a breakout of the current price of the triangle down below the 360 RUB.
Trading recommendation:
Open short position when reaching the level of 359.8 rubles, take profit at the level of 317 rubles (11.3% profit). Stop loss-the middle of the triangle 377 rubles. (4.45% loss)
Alternative scenario:
If the price overcomes the previous maximum of 404 rubles. it makes sense to open the long up to 485 rubles. (which corresponds to 361.8 Fibo expansion).
VTB MOEX: Bullish flag and upward movement?MOEX:VTBR
On my VTB stock chart of the MOEX Russian stock market, we can see a bullish flag pattern that signals a continuation of the upward movement. This pattern is supported by indicators that indicate an upward movement, I tried to mark them on the chart. On the chart, I also displayed a line of resistance, the breaking through of which will signalize further upward movement. I think it's time to open long positions, the idea is relatively long-term, maybe more than 10 days.
For several reasons, I cannot become a member of the Russian stock market, so I wish you good luck, do not forget about stop orders.
RusAL not Rus anymoreSomeone already made good profit on inside information. But there should be more. Will test support at ~28.35 once again and grow up. In couple of years I would start fixing profits around 58 and 65.
uncertaintyWait boom long, after exit consolidation. But there is a news background, namely the situation in Venezuela.
