Weekly Novatek. Uptrend, however slight changes in volumes. RSI in overbought zone, but still no lower than 50, which is OK if its uptrend. For me it was a test of psychological barrier of 1200. O n Daily RSI lower than 50 Convergnce with chart No proper volumes I exprect falling to Gann Level and Fibo 0.618 (Red Point) 4H Here i analyze by...
Overall. Long-term consideration. From start of 2018 slight attempts to reverse. Weekly. Slow formation. I did not consider trend indicators like RSI and MACD here because of flat\low actions. Presumably for such long correction that lasts 4 years, the chance of quick changes not so high. All looks that price reluctantly prepares for range. Or Probably...
Weekly Flat, suppose to be long Very strong old support on 24 Daily Flat with slightly lowering price Support on 26 4H Downtrend, weak, assume low volumes. All going to test 26 - psychological level RSI convergnece down Volumes bearish 1H Since 22 of October power downtrend RSI oversold. No higher than 50. Stohastic also shown true oversold. Seems it...
1D Weak downtrend JPY stronger on most currecies OSMA light downtrend \ below 0 4H trend still healthy, equal proportions price went down. EFI 13 close to 0, did not fixed in upper zone, but move toward 1H Correction close 0.5 by Fibo and touches 0.618 lvl STohastic close to overbough. Should w8 fo finishing correction by Stochastic and open short ...
Watching closely how stronger the pullback of downtrend is 1D main downtrend, that lasted for long time, correction is needed. On Fibo 0.618 1H EFI goes to 0, looks like reversal If retracement lower than 30% = strong momentum, worth buying For now, the price fixed above old SR but have lost momentum. 15min Stochastic shows divergency around A Buy...
Strong capitalization of sector, investors gives power to go next
Weekly. high volatile during all chart From the 2nd Half of 2016 Volumes increased. Major uptrend started from August of 2017 after remarkable declining. No Divergence on volumes = trend does not waste power completely. No divergence on RSI. Resistance level is unclear. On RSI clear bullish trend. Did not cross level of 50 - confirmation of having power. Above...
Novatek. WEEKLY Uptrend, however slight changes in volumes. RSI in overbought zone, but still no lower than 50, which is OK if its uptrend. For me it was a test of psychological barrier of 1200. Daily RSI lower than 50 Convergnce with chart No proper volumes to confirm trend continuation I exprect falling to Gann Level and Fibo 0.618 (Red Point) 4H ...
Overall situation. Since the start of 2011 the price was working in range (25 - 44) After 2014 calamities it was the market crush. Weakining of ruble in Russia, where the Head of Mail Group is originally. That was a start of forming SYPER Triangle Pattern and working in it. 2014 crush cause the break down on 12 points of triangle with price transition from 37...
Frankly speaking i dont see enough power fro that instrument to get breaktrhough. It was long series of declining which as ended "probably" due to company started paying dividends On W we have some kind of stop falling and has area of accumulation. I see that peridocially volumes jumped but then immediately down being oppresed, In positive scenario after...
Descending trend after short accumulation will go down
Here I think would me 1 st idea Just to try please o foloow