Sber was just closed gap from July 31. The highest price was on August 01 as 273.35 and the lowest today on 248.62, which is around 9% correction. Taking into account that average profit of Sber for 2023 forecasted for amount more than 1.3 trillion roubles and minimum dividends around 30 roubles per share, I think that the bottom price is already here. We are on...
80/20 chances that we will brake out from ascending triangle till the early next week. And in my view, then we will have to test support line (up line of ascending triangle) and have to test ATH of June, 2019. And then im looking for big correction down to touch price between 10k-7k.
After breakout from the channel, the price returned to it. We are seeing a beautiful bounce from the lower support line of the channel and there're two options:
1. We will breakout from the channel, test it and will reach marked by green line level;
2. We will bounce back from resistance of the channel, test middle line of the channel and test resistance again,...
There're to formations which shows me the same result. Ascending Chanel - where we will break out from $10k up to $10,100-$10,300 and will drop until $8,300. And Triangle which will drop approximately for the same level till the base of triangle. Anyway my view is that current uptrend started on the US-Iran crises and follow upped by Coronovirus news. There were...
As I mentioned in previous publication we are still in bearish market which can be explained like big correction after this years high. Looking for correction (dead cat bounce) after last two days downtrend and testing lowest level of channel and main support level of USD6,000. if we will brake it down, next stop will be on USD5,500-5,000-4,000 respectively.
Like I mentioned in previous forecast we broke support line of descending triangle on daily. Now we are in downtrend inside of descending channel on 12h. If we will break middle line of the channel and next candle after braking will be closed lower of this line, I’m looking to touch down line. My forecast is $5,500-$6,500 and after consolidation will looking for...
If we will not broke up, we are in descending triangle and this is good short opportunity. Looking to see 5500-6500 range. But if we will brake up, looking for testing $13000
We are in right in the channel. I’m bearish. However if we will broke channel upside and next to it candle will be closed upper I will be again
bullish. For now I’m short term bearish and looking to deep correction.
Resistance on 12,250-12,500 level was very strong and price didn’t succeed with it. Descending triangle says that 75% chances we will go down to 9,000-9,300 level. If support will not stop us we can go down up to 6,000-6,500.
