MGNT market demonstrates the bullish intentionsWhy we have a triangle form (1) of the profile?
Because of the massive wall (2) of the Buy-Limits orders below 4k level.
This is why we have POC line under 4k line.
The majority thinks: "OMG, this stock is going to hell! It broke down 4k, it likely to go to 3k! I should sell it!"
"Thank you for cooperation! I buy it" - say professional.
This is why an army of bears has smaller progress in each attempt despite the valid downtrend.
Look. Here (3) was the bearish attempt on the high volume. What the result from effort?
(4) - quick recovery. All bearish success from December was quickly erased by the January pump.
Outlook is mid-term bullish
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.
MOEX - ALL TIME HIGH IS CLOSELY NOWHello everyone! According to the triangle which was broke at the end of the year we have a long way direct to the all time high of the MOEX - 138 RUB. This is a trade without stop loss because it could take a lot of time. Just be patient and buy more on corrections.
Good luck to you!
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