From a both, technical and fundamental perspectives, It looks like Russian metalurgic and extraction complex sets-up for the next wave higher in this Q4, or maybe early next year. Maybe it is because of rubble current and future potential weakness, or because of the dividend that these companies (CHMF, MAGN, NLMK etc) pay or are planning to, we may observe...
Weekly macro perspective has a nice diagonal pattern, that respects key support and resistance zones. Although it is hard to definitely state that primary wave 4 has found its bottom in Apr23 due to its relatively short timespan within the macro structure. But as I a low-risk trader I am not concerned with the overall wave pattern, but with what price and...
My ElliotWave (EW) analysis on NXSN shows that price has approached meaningful mid-term resistance zone at 2352-2627. If my technical thesis holds, price shall start digesting its 250% rally from Oct'22 bottom in near term, finishing its wave iii and starting corrective wave iv. Important and ideal EW support zone for this potential correction is 1760-1472, that...