ProTrading24ru

ProTrading24ru

Along with the sector (check #AA) #RUAL has dived in the correction. Potential target is 50% Fibo level around 30.30rub

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Company is well positioned for matching popular ESG investment principles. It will continue to make money of state subsidies and may become a takeover target for traditional carbon industry players. Technically might be in the middle of wave 5 with target at $82 and support arount $63

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Solar industry companies are expected to benefit from Biden as President. Tax subsidies are going to be extended to 2025 which should generate more revenues. #FSLR is well positioned in the sector with P/E more reasonabl than of some of other players in the industry. Iis likely to continue in wave 3 of (3) with first target around 150.

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TLRY is likely starting wave (iii) within wave 3. Price swings are huge as stock 1-year Beta is 3.71 Possible Long entry @ 9.00, TP 19.25, SL 6.50

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#MRNA got a positive report of FDA expert commission on its covid vaccine today. Committee meeting is scheduled for Thursday and vaccine approval may be granted starting from Friday. It's going to be the most expensive vaccine of all so the sale numbers won't be of a global scale. Way up to $200 for the #MRNA stock is technically pathed through the correction at $140.

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Sber(bank) is likely to correct from its ATH (in RUB). A quick look at Fibo levels gives us 252.75 and 231.14 as a support

ProTrading24ru Updated 

McDonalds shows some resilience on Tesla-triggered sell-off. It might have been pressured already hard enough. If #MCD is taken Long at 208.50 or lower (mind the morning opening) target could be 235 and even 248. Not overnight but gradually. Stop could be placed at 202 as if it drops there the whole picture might be different.

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#ET is one of many US midstream companies. It's rather undervalued by P/S 0.32 and P/B 0.80. Not a rocket with Beta 1.10, but good enough. There might be reasons for that, otherwise this stock would be priced 4-5 times higher. We'll definitely reach the stars, but this time Target $8.25 and then $10.35 in what now looks like Wave C.

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Looking at the gold rush on stock markets (Airbnb, DoorDash), listening to the noise of printing machines (ECB) and growing to the joy of OPEC oil it is so tempting to keep selling #USDRUB. But something reminds of the same pattern at the same time in November, when after a sharp drop #USDRUB corrected upwards. It's Friday, time to fix some profits and therefore...

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There are rumors that food is getting more expensive. Retailers are obvious beneficiaries of that. #FIVE seems to be a good candidate for a Long position in RUB. Possible entry at 2700, target 3400, stop 2500.

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#MO is in unpopular industry, heavily indebted, wrote down Juul investment, pays 80% of income in dividends (impressive 8.3% yield)... What else to buy when nearly everything else is overpriced? Targets: 47.30 , 49.60 Besides the next ex-dividend date is 26/12

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#PLZL shows signs of correction exhaustion. Would be nice to see 13300, but 14000-14500 is fine for a Long if Target is 19600

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#BABA is probably heading towards 380 in final wave 5. Good to take even form current levels, but may retest 250-255.

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#YNDX is likely to continue correction in wave 4. It makes sense to wait for the price reaching $56.50 to go Long& Less likely target is $47.50 Another way to form a Long position is by selling Put options: sell Put strike 56.50 (1/2 of the position) and/or sell Put strike 47.50 (another 1/2 of volume). The lower the stock price the more expensive are the Put...

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#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.

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#XAUUSD might show lower levels than today by some $100 (around 1740). As a result we expect some further decline in stock prices of gold mining companies.

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#FTCH is a hot stock and... constantly money losing business. Purely from a technical perspective its 5-wave impluse is probably close to its peak. Daily RSI is 85+ and stays very high for a few weeks. Expect a healthy correction from 60 down to around 40 within next three months.

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#MOEX price is climbing higher together with its global peers (LSE made +9% yesterday). Targets of 167 and 171 are yet to be reached. But it's getting increasingly overheated with daily RSI at 77.40 and 4h RSI at 91.50 The stock might need at least a short break.