Rebuy GazpromNef Shares from 417.80

 FaceBook weekly Review

\Rebuy GazpromNef Shares from 417.80

Wave Analysis

After a bearish gap earlier the previous week, the shares of this company rose tremendously to fill this gap and is still pretty much bullish. As long as the price remains above 163.28, we're still upwards. We expect the drastic decline seen during late last month to be a mere corrective three wave cycle but should not go beyond the level 163.28, the upwards move seen last week is the continuation of the corrective wave (b) and should not go beyond 196.00 where we'll be looking for a short term sell towards 163.28.

Trade Recommendations:

Look for buy orders towards 196.00. Conservative traders can also wait and buy a break above 206.50.

Gazprom weekly Review

Rebuy GazpromNef Shares from 417.80

Wave Analysis

After a drastic decline seen in July, the shares of this company rose massively and even discovered almost 65% the value it lost in the same month. As it is on the daily chart attached, as long as the price remains above 228.92, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above 253.50 towards 300.00 or even higher. A drop below 228.92 will push price downwards towards 209.98.

Trade Recommendations:

Wait for a rebuy from 228.92

 GazpromNef Weekly Review

Rebuy GazpromNef Shares from 417.80

Wave Analysis

Since the beginning of this year, the shares of this company has been in an active up trend. The end of the previous month saw the price per share of GazpromNef Rise beyond 417.80 and is still pretty much above this level. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above  the recent highest high 435.65 towards 500.00 or even higher.

Trade Recommendations:

Rebuy GazpromNef Shares from 417.80

.

Graham Osano
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