I published that idea before all the market went awry, I was lucky to participate in the sharp decline. But know I see the initial coverage is still valid. All the move down can be considered as bearish trap and I will go long if I see the paper snaps back into the wedge to break higher.
A closer look at SBER forced me to revise my count - I now consider it has topped in wave v of larger 3. Expect to see a bottom mid 2022 somewhere in 200 zone. This makes me think Russian indexes may show final push to new high in June (countwise oil should bottom somewhere in 60 zone soon and make a final rally above the recent high which may trigger rally in...
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...
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.
For now It seems that SBERBANK might be heading towards the 190-193 area to bounce up from there but as long as it doesn't close considerably below the red line , MOEX:SBER is very likely to go upwards to around the 238 IF it breaks the green line at around 206 considerably and closes above it . I think it's a key area to watch for people willing to buy .One of...
* 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.