Long Idea for Sberbank (Gap close)
This is a long setup for Sberbank which has dropped to 206RUB per share level after dividend date. It's uncertain how soon the gap will be closed, but with the price breaking an ascending triangle, volumes decreasing on the pattern formation and RSI being in oversold area, we can open a long position from current levels.
TP1 is around 215-216, TP2 is around 224-225, these levels served as support and resistance in September.
TP1 is around 215-216, TP2 is around 224-225, these levels served as support and resistance in September.
Trade closed: target reached
Price has closed the gap more than one month later.
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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.