Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally.
Nice wedge formation. Finding support on the cloud, higher lows. Positive fundamentals, QIWI is the "Paypal of Russia". Stop placed below the cloud @ $13.39. Will consider an entry this week if bullish close above the 10 EMA, it's possible price to fall back into the cloud though. (My cloud is on a different chart layout.) Target $17.
Guidance From Yahoo...
I'm slightly bullish on QIWI here are the reasons
- the company has good fundamentals, just read the annual reports and numbers, the growth is ok and the company is in good financial situation
- there was interest in taking over this company and a tender offer of $27 although failed last year, at least we know how much this company could have been sold for
Being interested in crypto, QIWI is one I have been looking at. They have had several crypto related stories surrounding them, such as applying to trademark "bitruble" www.coindesk.com
QIWI also launched it's own subsidiary...
A very respondent stock in regards to Fibonacci analytics.
The colored flag is from the trend based (12-month) retracement. Layered on top is the 1 month high/low Fibonacci retracement. I added a hourly and a daily fib arc (which the price action is currently trading within).
Stochastic, CCI, and MACD look ready for bull switch over (though temporary).