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Alrosa near the bounceAlrosa been showing bad results for the whole 2019 year. Went below previous lows and now going deeper. Support at 69.5 bounced the price, and at day timeframe it looks nicely oversold and ready to bounce. But at week timeframe the situation is still dramatic. If current 70 SR won't stop the price, next support that has potential to stop the fall is at 64. In any case these stocks will have to recover for some time, before any kind of uptrend may appear.
RUS:ALRS
by WiseAnalyze
Shorting NovatekWhile I am still long LKOH (although I have doubts about its potential) and RIG I see mounting evidence that NVTK is topping. On all timeframes, there is a visible EW count. Very compelling price action on 4H and D charts. If it stays where it is or goes down by the end of the week there will be a confirmation on W chart as well. WHY: compelling PA (bars), clear EW count, divergence on indicators Risk: 0.2% of total portfolio Exit strategy: 50% when reaching 1/1 profit to risk ratio, the latter when retracing 0.382 of the previous high. Duration: 6-10 months
RUS:NVTKShort
by Fomenka
It feels like RTKM soon will explodeI read Stratfor this morning 'The Russian government has signed a number of agreements with several state-owned enterprises to distribute responsibilities for the development of a wide range of technologies. Under the new contracts, Russia's state-controlled Sberbank will be responsible for the development of AI technologies, Russian Railways will manage the development of quantum communications, Rosatom will manage the development of quantum computing as well as material sciences, Rostec will develop quantum sensors, and both Rostelecom and Rostec will head the development of Russia's 5G infrastructure. The budgets for these developments were not included in the contracts, but are expected to be released closer to fall.' and went to see the chart. Indeed RTKM looks like it is going to the moon. I will allocate 10% of the portfolio to this stock.
RUS:RTKMLong
by Fomenka
Buying dip in Alrosa #2020/7The week is far from being over and it is the middle of the month. So basing my trade on W and M charts are a bit premature. However, broad bullish sentiment that moved OANDA:SPX500USD , TVC:USOIL , OANDA:XCUUSD , OANDA:XAUUSD etc. make me conclude that MOEX:ALRS being a mining company is also moving to new highs or forming a bullish pennant. Risk - 0,24% of my capital TIme horizon: approx 6 months Exit strategy: close 50% of the position at 107.6, move SL to 0 loss and wait for the pennant to confirm before adding I will consider adding midway if there is welcoming price action.
RUS:ALRSLong
by Fomenka