Russia’s trapped domestic investors push stock market to 2-years high.
Russia’s stock market (so-called, Moscow Exchange Index MOEX:IMOEX ) has climbed recently to its highest level in 2 years as domestic retail investors with nowhere else to go snap up the dividend-paying stocks that sold off heavily following the Russia-Ukraine conflict.
A rise of more than...
My macro work on Russian MOEX Index illustrates how ElliotWave in conjunction with major fibonacci retracements can be useful in providing the context or the operational frame work for every investor and trader to operate and execute one's strategy.
Starting from the market Oct'98, we may observe how the price structure has accurately finished its cyclical...
The oil price also rose nearly $2 under the stimulus of data, reaching a high near $77. On the 30-minute chart, oil underwent a wave of pullback after consolidating near 76.6, and its current position is the previous consolidation level, which has some resistance but not strong. The short-term strong resistance should be around 77.4.
From a technical...
Here is my look at the largest Russian bank and fintech company - Sberbank (shorted from "sberegatelniy bank" - "bank for savings"). It's bee called Sber for several years because it's more of a fintech company than just a bank now.
The idea is simple. You can see a sine wave which is mirrored relatively to the symmetry center (centerline). The timing it: 205 rub...
Finally, a potentially turning point is on the cards. Since last week of April the Russian market has found some solace.
Although there’s a big chance of a new wave of turbulence, I believe that May is going to be a-near-bottom month. Will see.
-kc
Important restrictions as Moscow's Exchange reopens 4 hours a day:
- Short-selling banned
- Selling of shares banned for foreign investors
- Only 33 stocks available for trading
After being halted for 1 month, the Russian market reopens with important restrictions. Also, many institutional brokers from the EU and other NATO countries banned trading on Russian...
RF . A strong buyback was indicated last week, but there is still no mid term long signal. If everything goes well this week it might show up later this week.
Meantime, the index in the potential strong turning point at 3650 which we'll touch this week I suppose. The second week may turn down with a local dip of the month around Feb 9-14. Let's check.
For sure,...
Currently TMOS Tinkoff iMOEX ETF seems in a Cypher pattern continuation.
We hold the upward line for a while, and looking for 1-hour SMA 200 as a resistance.
* Sberbank of Russia (ordinary shares) trades below Weekly SMA(200) almost 1st time in past 5YRS.
* 95% of 10YR Trades Volume is near 110 or below.
* 99% of all-time Trades Volume is near 110 or below.
* Looking for further 35% decline.
