uncertaintyWait boom long, after exit consolidation. But there is a news background, namely the situation in Venezuela.
Sberbank of Russia Sberbank of Russia
- large degree wavecount
- Abc correction in 3 wave painting itself nicely
- Crypto is setting up to eat into world markets dominance
Stay profitable
PLZL Close positionTwo false upside breakouts and bearish MACD divergence.
It's better get out of position, if you have one.
But company (stock) is fundamentally strong, so no shorting.
Magnit, The Shoprite of RussiaFollowing a stellar multi-year run which commenced in November 2008 and where the share price appreciated from RUB360 to a high of RUB12944, Magnit's share price was seen under massive pressure, trading near six-year lows. Technically, the current level of 3957 (or below 4200) presents an attractive risk/reward on a medium-term basis. Since September we saw 3800 as a resistance level however strong buying can be seen with the RSI pointing sharply higher. From a fundamental perspective, muted growth is being discounted with the share trading at a price/earnings ratio of 10x.
Trade Levels:
Buy at 3960
Stop-loss: 3300
Take Profit Target: 5500
VTBR buy zone wave analysisFirst entrance upon correction on the low time frame, additional entrance upon developments.
