Russian stocks fall amid growing tensions in Russian-Ukrainian relations. Moscow Exchange Index ( MOEX , RUB) is short-term oversold and trying to bounce off support area 2850-2900. There is no divergence on MACD , so we view current decline as a correction, but not reversal.
We expect recovery of MOEX Index by 40-50% within 2-4 months.
We expect recovery of MOEX Index by 40-50% within 2-4 months.