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fondOrange28771
Oct 7, 2023 8:09 PM

Gazprom price retracement to the fair value  Long

GazpromMOEX

Description

7th October 2023

Synopsis:
Despite the conflict in Ukraine, Gazprom revenue is growing and currently on its historical high while price dropped to the 2016 level in US dollars. Price to the assets including oil subsidiary is on very low level. Large buyers started accumulating position according to Accum/Dist indicator.

Entry: 1st- 1.5 USD (160 RUB), 2nd - 1.12 USD* (113 RUB)
Target 3.0 USD (300 RUB) and above
Duration: 180d

* Potential new lower low in USD based on historical rubble price

Comment

Duration is 260d
Comments
zAngus
Thanks and well done on sharing your first idea with the community. We hope you had fun working it out as a publishing process. Hope it is a great trade for you.

From mod @zAngus
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