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dchua1969
Feb 27, 2022 10:46 PM

A contranian buy ? 

Description

This is the monthly chart of RSX, a Russia ETF. Would you go against the crowd and start buying ?

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Comments
BTCBert88
This chart aged well
cranvivid
An obvious buy for a swing now I believe..
d3vSDK
RSX is based on securities, traded on MOEX, as I understand. Russia's CB blocked selling these securities and paying dividends to non-residents. So it means that now RSX has no income and a blocked assets for not specified amount of time. Maybe I understand something wrong, but for me it means that RSX price is to be around 0.
cranvivid
@d3vSDK, So that means you short this all the way to zero?
d3vSDK
@cranvivid, I closed my short yesterday. I was nervous of being unable to withdraw funds to bank account in Russia. But yes, something around 1 is quite possible. Still no dividends or selling stocks for non-residents. And this will not change with an end of the conflict.
gregoriotempesti
as long as the conflict continues, no
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