In the last post on OZON, I wrote about the short from the current levels (₽3190) to ₽3000 (support), since the level with this round number is unlikely to be ignored by the market and it should be expected at least a local rebound from it.
After reaching the level of ₽3130, the price bounced, failing to cross the local maximum of ₽3230. The price returned to the level of the limit player, bouncing consistently with less energy. This situation provides for the continuation of the downtrend and entry into the short on the breakout of the level of the limit buyer. After the breakout, the price with long candles reached the nearest support level indicated above.
Next, I expect one of three scenarios.
1) Formation of DD with a local rebound (entry into a long in the range of ₽3000-3015). I do not believe in a trend reversal without forming a base (trading near the level).
2) Formation of an accumulation base near the level of ₽3000 with a subsequent trend reversal.
3) Breakdown of the level of ₽3000 and moving to the areas of interest ₽2700-2800 / ₽2400-2500, in which it will be necessary to monitor buyers' readiness for a trend reversal.
I consider the third option the most probable, so it's better not to rush to buy $ OZON for the medium term.
NOT IRR.
After reaching the level of ₽3130, the price bounced, failing to cross the local maximum of ₽3230. The price returned to the level of the limit player, bouncing consistently with less energy. This situation provides for the continuation of the downtrend and entry into the short on the breakout of the level of the limit buyer. After the breakout, the price with long candles reached the nearest support level indicated above.
Next, I expect one of three scenarios.
1) Formation of DD with a local rebound (entry into a long in the range of ₽3000-3015). I do not believe in a trend reversal without forming a base (trading near the level).
2) Formation of an accumulation base near the level of ₽3000 with a subsequent trend reversal.
3) Breakdown of the level of ₽3000 and moving to the areas of interest ₽2700-2800 / ₽2400-2500, in which it will be necessary to monitor buyers' readiness for a trend reversal.
I consider the third option the most probable, so it's better not to rush to buy $ OZON for the medium term.
NOT IRR.