GAZP trade ideas
GazProm Russian Power Supply Company is about to break resistance, it's a high risk zone for investors, because the price is close to it's historical ATHs. But now the Russian economy has much more money supply so everything is possible. Light green area is an average price range, while the red line is a critical support.
Gazprom - 10 years of stabilityCompleted or will be completed the wave (a) of correction. RSI and MACD formed a divergence. I expect a rebound to around 147-148. Before this, a slight decrease is possible.
Globally, the shares of this company look quite optimistic. The link below shows a picture with a graph showing the 10-year-old triangle. In general, I expect growth. The breakout of level 170 will only confirm the expectations. But this I will discuss later, when I look for purchase.
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