smoki99

Gazprom breaks out

Long
XETR:GAZ   GAZPROM ADR
Gazprom breaks out of his sideward channel very strong.

It may soon target old highs pre corona pandemic.

Very important news here: https://www.dw.com/en/nord-stream-2-bide...

And there seems to be also movement towards russia: https://time.com/6053298/putin-biden-sum...

So a opportunity cloud be that russia can move more western... but nothing is sure in that case. The nord stream 2 action from Biden is in my eyes an offer to putin for a peaceful future and that could impact Gazprom for sure.

And natural gas is key technology for electric cars, even forbes already shows 2018: https://www.forbes.com/sites/judeclement...

And with a target to have more electric cars in europe: https://www.reuters.com/article/us-clima...

a need for gas in europe is assumable.