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Bwinks
Apr 30, 2016 8:53 PM

Bull for mid-day (QIWI) Long

QIWI plcNASDAQ

Description

A very respondent stock in regards to Fibonacci analytics.

The colored flag is from the trend based (12-month) retracement. Layered on top is the 1 month high/low Fibonacci retracement. I added a hourly and a daily fib arc (which the price action is currently trading within).

Stochastic, CCI, and MACD look ready for bull switch over (though temporary).

I'm sure this is a strong enough bull for some nice profits tomorrow for anyone afraid of options or short selling in other markets.

Trade closed: target reached

Upper target reached.
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