ROSN trade ideas
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ROSN (MOEX) - Rising Wedge
PJSC "Rosneft"PJSC "Rosneft"
Disclaimer/
On average, 90% of all stocks move down with the market, and 75% move up.
The wave principle applies to some extent to individual stocks, but counting the waves for them is often confusing and does not have much practical significance. But since the state owns a large part of the company, and the campaign has a large capitalization, we assume that the state of the shares depends on the psychology of the masses./
Rosneft is a Russian oil and gas company, the majority of which is owned by the state-owned Rosneftegaz JSC. The world's largest oil producer.
Composition of shareholders:
As of May 21, 2020,
Rosneftegaz - 40.4% of shares
British BP-19.75 %
Swiss-Qatari consortium QH Oil Investments-18.93 %
National Settlement Depository-10.66 %
OOO "RN-Netcatalyst» 9,6 %.(I do not sure about this translation)
Traditional|ROSN|Long and short *High riskLong and short ROSN
Activation of the transaction only when the blue zone is fixed/broken.
Testing the channel resistance level for a breakout and a rebound from this level, a high risk due to the difficulty of choosing the right stop.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
The red zone - the stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
