MOEX:RTKM show a cap with handle and this means that it can:
1. Touch the top line of the descending channel(100) that will mean a start of the following correction moving.
2. Touch the bottom line (112) of ascending channel or even burst in it. In such case this will mean, that it can continue moving up in that channel and then go higher.
But in both cases we...
First off, please don't take anything I say seriously, as always this is on opinion basis not financial advice. That being said, let me get into some of my insights. Right now, Rostelecom is facing a bullish run, and I think realistically, the bullish curve could continue past the 90RUB (especially given the recent 89.40 high) prior to resistance. However, it is...
$RTKM
Macro level (D1): $MOEXTL outperforming $MOEX, and $RTKM is lagging but starting to show relative strength.
Intraday level (H1): punching resistance and printing higher highs. Buy the pop or retest. Add on pull backs.
Logical target for both levels: 78.
I read Stratfor this morning
'The Russian government has signed a number of agreements with several state-owned enterprises to distribute responsibilities for the development of a wide range of technologies. Under the new contracts, Russia's state-controlled Sberbank will be responsible for the development of AI technologies, Russian Railways will manage the...
