Wave analysis, stocks
VTB
The price of the shares of VTB continues to leisurely move down, and is still below the level of confirmation, which in turn continues to support the scenario in question. Currently the price approaches the phase which is represented as the local correction, and just on the structure and size of the correction in the future will be determined by the choice of a local script. But, as he wrote the wound, regardless of the selected local warrant continue to expect the resumption of price reduction.
Recommendation: at the moment there are no entry points, so it is recommended to keep earlier opened short positions with the targets in the area of 0.06700 - 0.06500, but temporarily refrain from escalating.
MMC Norilsk Nickel
The price of shares of MMC, unfortunately, was not able to continue to move up, and returned to the levels reached earlier. This fact once again increased uncertainty and a lot of variation of the situation. That is, although it is expected to return to growth, yet with the current price level can go in any direction, as has been described in reviews of higher degree of January.
Recommendation: As part of the uncertainty in the choice of destinations, as well as the lack of entry points, it is recommended to refrain from trading the shares.
savings bank
The price of shares of Sberbank remains above the critical level, but an obvious closeness to it can lead to the implementation of previously presented an alternative scenario. To be honest, the shares of Sberbank are now in a position such that buying at the highs makes no sense, but for sale no entry points.
Recommendation: Although still the most interesting sale should be considered after a new maximum, yet at the moment of interest to these actions must be absolutely neutral.
The price of shares of the issuer continues to develop a pattern in the form of a 5-3 formation down a part of the downward movement of the pulse, and it may soon be completed next pattern in the form of a 5-3 formation down to the lowest degree. If this assumption is true that price without updating local maximum can confidently resume a downward spiral.
Recommendation: In the framework of this scenario, it is recommended to wait for the completion of the pattern to the lowest degree, then you can confidently continue to search for points of sale of shares with the objectives in the area of 9,00-5,00.
Detailed information can be found on the website: globalcomllc.com
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