KAS109

Resurrecting QIWI - LONG idea - Wedge

Long
NASDAQ:QIWI   QIWI plc
Nice wedge formation. Finding support on the cloud, higher lows. Positive fundamentals, QIWI is the "Paypal of Russia". Stop placed below the cloud @ $13.39. Will consider an entry this week if bullish close above the 10 EMA , it's possible price to fall back into the cloud though. (My cloud is on a different chart layout.) Target $17.

Guidance From Yahoo Finance (Jan 3):
QIWI upgrades its guidance in respect of November 2018 outlook:
"Payment Services segment volume increased by 26% to reach RUB 297 billion, driven by significant growth in e-commerce and Money Remittance verticals, which grew 56% and 46%, respectively, over the third quarter of 2017. The growth was largely driven by the circle of trends in our core categories including the boom of sports betting markets triggered by the football World Cup of 2018. The rollout of the products we report for our partners as part of our B2B2C and self-employed focus as well as by the development of our P to PS system. As of the 30th of September, we had 20.8 million Qiwi Wallet accounts, an increase of 1.8 million as compared to the prior year..."


Trade active
Comment: Moving stop up to $15.22 10 ema
Comment: Protective daily stop @ 3 ema until trade closed from here on out.
Trade closed: stop reached: Stopped out this morning on news CFO leaving company

+0.2R trade with zero risk to capital