NASDAQ:YNDX   YANDEX N.V. - CLASS A ORDINARY SHARES
146 0 1
Hi!

Today I want to share with YNDX             idea.
This is short to mid-term long trade.
Basically, we have the following signals promissing us a profitable trade:
1) The stock is oversold
2) The stock has reached major support level
3) A possible distribtion on extremely high volume also took place
4) A reversal hammer pattern on the last bar
5) Finally, fundamentally Yandex is also not so bad

So, we can use 2 entry points:
the first one is a last day bar High 27.82 (27.81 + 1 tick).
We can also enter the market after the crossover of the local resistance line.
Well, it's pretty obvious that the first entry point is a more risky, but we can afford a larger position considering we place stop-loss much closer to the entry point. On the other hand, if the price will break through the resistance level then we will have better chances for the further ascent.

Stop-loss should be palced somewhere around the resistance level or yesterday bar Low 26.46 (26.47 - 1 tick)

Thanks for your attention and good luck!
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out