EVRAZ plc UK Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
EVR trade ideas
EVR UK Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Evraz Bargain BuyDown 35% of fears of a Russia - Ukraine war. Personally, I believe that this is a massive overreaction, given the war is only a rumour and even if there was a war the damage on Evraz should not be massive. The shares are very cheap and pay a dividend yield in excess of 10%.
Buy at 286.94
Evraz still has some 6-7% of upside#EVR keeps going North like a regular train as mentioned in the previous analysis.
There is probably some more upside potential to 455-460 target (50% of correction - 261.8% Fibo extension).
Expect some correction to 410-415 from current levels before completing current wave 5.
Whatch out for RSI (daily 74, weekly 69) is it doesn't like to stay too high.
EVR Pushing the ATH.EVRAZ is pushing its ATH- which was last years YR3. As can be expected there are some signs of profit taking at this level but shares are being bought up immediately and if this continues EVR will break its ATH into clear skies. 603 is the YR1 pivot. Looking at last year there was a major pullback each time EVR reached a yearly pivot so waiting for a weekly close above, or buying the pullback is the move.
Volume profile shows a double distribution with the POC at 376, however value is consistently building higher into a positive skew to support the bullish thesis, with the POC for the broadening formation at 535.
Fundamentals are excellent, as is the dividend. Stockopedia 99/99.
Evraz Breaks Out StrongLast post: May 11th. See chart .
Review: Price had broken through a strong resistance level and was moving strongly to the upside.
Update: Price has broken another resistance level and is making new highs.
Conclusion: This recent breakout is offering us a chance to enter a long trade.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Evraz Still ClimbingEvraz PLC advances higher yet again, using the 50 daily simple moving average as a ladder.
Price has not gone down to test the 200 daily simple moving average which is a good sign of a strong uptrend.
It is common for price to use the 50SMA as support in a good uptrend which is what is occurring here.
Since the last break of resistance we are seeing more strength and if we see a pullback, there may be a retest of the
resistance which was previous support. This support level also coincides with the Previous all-time high set back in January 2012
so may prove to be a hard level to contend with.
Evraz Making New All-Time HighsEvraz PLC is now sitting comfortably above the previous all-time high and still looking strong.
On the daily chart we want to see price retest the all-time high and use it as support, followed by a breakout which will confirm a continuation of the bull trend.
In May/June 2017 price used the Weekly 50 simple moving average as support.
Then in November 2017 and February 2018 price used support areas as a springboard to propel it higher.
Now that price is making new all-time highs there is not any previous areas of resistance in the way of price.
We will have to be wary of round numbers but the next major one is at £10.00 which is some distance away so nothing to worry about for now.
When this stock was launched on the stock market in 2011, it declined for a few years and only started the uptrend in February 2016.
The uptrend has been going on for 2 years and there is no telling how long it may continue on for.
One thing is evident which is that this stock experiences deep pullbacks so it is a trade that will need a lot of patience while it recovers from these pullbacks.
We will see if we can get that second breakout if price retests the support level.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading