MOEX:NLMK   NOVOLIPETSK STEEL
Welcome to our Daily Analysis , where we breakout the best course of action for a given price stituation of a stock.
This week we will be interested by Russian Stocks, while the main topic of today being the NOVOLIPETSK STEEL price.

We have a big peak in volume , meaning the trend is about to fall and the momentum is about to change from bullish to bearish .
The signal bounced 2 times on the VWAP ( trend line ) confirming the validity for the signal.

Nature of The movement : Bearish

Best course of action

If you're a seller : hold or sell more.

If you're a buyer : we don't recommend holding the stocks (expect if you're willing to wait for the bearish movement to stop)


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