TURNING POINT IN INCREASE TREND OF GAZPROM NEFT
TECHINCAL ANALYSIS OF
SIBN
What do we have?
1. From July 2017 to October 2018, share prices of
SIBN
increased by more than 115%.
2. MACD is below 0, which indicates a decreasing trend.
3. The DM shows the beginning of the suppression of the negative trend of the extreme line from the bottom up, which also indicates the beginning of the declining trend.
4. ATR indicator, which is formulated as follows: the higher the value of the indicator, the higher the probability of a trend change; the lower its value, the weaker the trend direction. In this case, the indicator is located at the highest levels at the top (12.4) and indicates the damping of the uptrend. The last time this value was in February 2015 and after that the price rolled back by more than 40%.
5. The ADX indicator is in a low value, which shows a trend towards a reversal or correction of the market.
Conclusion.
Most likely, prices will decline to a minimum of 317 rubles, which corresponds to 38.2% of Fibonacci retracement from the current growth. The confirmation of this prediction will be a breakout of the current price of the triangle down below the 360 RUB.
Trading recommendation:
Open short position when reaching the level of 359.8 rubles, take profit at the level of 317 rubles (11.3% profit). Stop loss-the middle of the triangle 377 rubles. (4.45% loss)
Alternative scenario:
If the price overcomes the previous maximum of 404 rubles. it makes sense to open the long up to 485 rubles. (which corresponds to 361.8 Fibo expansion).
SIBN
What do we have?
1. From July 2017 to October 2018, share prices of
SIBN
increased by more than 115%. 2. MACD is below 0, which indicates a decreasing trend.
3. The DM shows the beginning of the suppression of the negative trend of the extreme line from the bottom up, which also indicates the beginning of the declining trend.
4. ATR indicator, which is formulated as follows: the higher the value of the indicator, the higher the probability of a trend change; the lower its value, the weaker the trend direction. In this case, the indicator is located at the highest levels at the top (12.4) and indicates the damping of the uptrend. The last time this value was in February 2015 and after that the price rolled back by more than 40%.
5. The ADX indicator is in a low value, which shows a trend towards a reversal or correction of the market.
Conclusion.
Most likely, prices will decline to a minimum of 317 rubles, which corresponds to 38.2% of Fibonacci retracement from the current growth. The confirmation of this prediction will be a breakout of the current price of the triangle down below the 360 RUB.
Trading recommendation:
Open short position when reaching the level of 359.8 rubles, take profit at the level of 317 rubles (11.3% profit). Stop loss-the middle of the triangle 377 rubles. (4.45% loss)
Alternative scenario:
If the price overcomes the previous maximum of 404 rubles. it makes sense to open the long up to 485 rubles. (which corresponds to 361.8 Fibo expansion).
Trade active:
The price chose bearish scenario.
Trade closed: target reached:
Target is reached.