Russian Equities are at the stormI believe today is the right time to open shorts. There are high possibility that market gonna go down.
So why do I pick government-supported company that produce gas to go short? The answer is that it only seems to be immortal. The government gonna support it indeed.
But what about dividends? Overall economic situation in Russia? And finally what is about demand for energy sources in near-term future?
If you have some glue of uncertainty about this questions we are at the same boat.
GAZP trade ideas
IMPORTANT TO WAIT FOR BREAK - GAZP GAZPROM - 30 MN - MY IDEAThank you for your likes! Really appreciated! Please also share to benefit as many people as possible!
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GAZP GAZPROM price is ranging after a long run down and some consolidation, finding a balance now.
The trend can change if the market evolve out of the boundaries illustrated by the two parallel blue lines acting as natural support and resistance.
If you are already in the spot, taking small profit to get out and waiting a better opportunity would be in line with the probability of seeing the market breaking the lines and creating a chance to understand in which direction you should invest.
WAITING FOR BREAK!
GAZPROM looking to go up .MOEX:GAZP is looking to go upwards to around the 190 area this week .
It could even go up to around 200 area if price closes significantly above the 192 mark in an upcoming day .
Before shooting up , it might go down to the 183.5-184.5 area after the market open and then from there go upwards to the 190 area .
A more detailed analysis is to be found in the comments .