Hi there, I've been following Sberbank and here are my thoughts: there is a strong resistance level at 290-296, which is facing an uprising trend line (dotted line). In simple terms, I expect a continuation of a trend with a break out through that resistance level. Sberbank is being fundamentally strong company, hence I expect positive breakout. The only major...
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SBER (MOEX) - Head and Shoulder
Hi everyone! I try not to do long-term forecasts, but on Sbera decided to show that I think on the chart. Thanks for attention and success in trade!
Information provided is only educational and should not be used to take action in the market.
i was in long since 209, close at 218, buy 214, close 216. I think, that bulls can't take sell zone 217-219, RSI divergence shows a selling formation. The price is sandwiched between levels and the movement will start soon. For now, I will refrain from positions on this instrument and move on to clearer ones.
Sberbank continues recovery. Before the dividend cutoff, given the same dividends, I expect growth. After the cutoff, the uncertainty will either go below 203, or will quickly close the gap and go up. I am more inclined towards the middle variant - conolidation around 203-206, and then upward.
I don't like to trade Russian stocks, but the signal is good. Purchase!
The resistance level of 200 and support level of 180 are clearly visible. After the rollback, the quotes move steadily up.
Risk 1 to 4 on the stop. According to the "4 screens" system, there is no ban, the link is usually in the comments.
* 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.