NLMK SHORT
Welcome to our Daily Analysis, where we breakout the best course of action for a given price stituation of a stock.
This week we will be interested by Russian Stocks, while the main topic of today being the NOVOLIPETSK STEEL price.
We have a big peak in volume, meaning the trend is about to fall and the momentum is about to change from bullish to bearish.
The signal bounced 2 times on the VWAP (trend line) confirming the validity for the signal.
Nature of The movement : Bearish
Best course of action
If you're a seller : hold or sell more.
If you're a buyer : we don't recommend holding the stocks (expect if you're willing to wait for the bearish movement to stop)
If you like our work, don't forget to follow and like us to support us as it would be very much appreciated !
This week we will be interested by Russian Stocks, while the main topic of today being the NOVOLIPETSK STEEL price.
We have a big peak in volume, meaning the trend is about to fall and the momentum is about to change from bullish to bearish.
The signal bounced 2 times on the VWAP (trend line) confirming the validity for the signal.
Nature of The movement : Bearish
Best course of action
If you're a seller : hold or sell more.
If you're a buyer : we don't recommend holding the stocks (expect if you're willing to wait for the bearish movement to stop)
If you like our work, don't forget to follow and like us to support us as it would be very much appreciated !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.