$RTKM tends to go aheadMOEX:RTKM show a cap with handle and this means that it can:
1. Touch the top line of the descending channel(100) that will mean a start of the following correction moving.
2. Touch the bottom line (112) of ascending channel or even burst in it. In such case this will mean, that it can continue moving up in that channel and then go higher.
But in both cases we will see preferred a long steps during the nearest time.
Does not constitute a recommendation.
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RTKM trade ideas
$RTKM: 90RUB Short TargetFirst off, please don't take anything I say seriously, as always this is on opinion basis not financial advice. That being said, let me get into some of my insights. Right now, Rostelecom is facing a bullish run, and I think realistically, the bullish curve could continue past the 90RUB (especially given the recent 89.40 high) prior to resistance. However, it is too early to tell if it can keep the momentum going. In short, I think it would still be a decent low risk buy right now.
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.