Mechel Company (MTLR) at support level can find good uptrend in flat with a perspective to go further Q42021 and year 2022 Q1-Q2
Disclaimer/ (NEW) On average, 90% of all stocks move down with the market, and 75% - up. The wave principle applies to some extent to individual stocks, but counting waves for them is often confusing and has little practical significance. Since the company has not a large capitalization, we assume that the state of the shares does not depend on the psychology of...
I think I spotted a great investment opportunity in Russian mining&steel sector. Mechel is terribly undervalued according to Simplywall.st while the stock traced a very clear 1-2 waves and is about to take off in 3rd wave.
Mechel possible longterm uptrend till 219 as previous support zone achieved.
Is it a 2nd wave in a long 3rd one? Mechel is getting closer to the bottom. Quotes have already fallen to the level of 2016.
keep it smooth and easy :)
MOEX:MTLR Allocating some RUB funds to Mechel. Mechel exports 78% of its steel for hard currency, hence the idea. No prospect of geopolitical situation improvement just yet.
"Mechel" - Russian mining and metals companies. "Mechel" unites producers of coal, iron ore, steel and rolled products. The products are sold in domestic and foreign markets.