Gazprom Weekly review
Gazprom is trading with an increasing bullish bias momentum. While the price is contained above the three simple moving averages, I expect a steep increase in price. Basically, I am waiting for price to retrace further to the lower simple moving average but should not break below it. If this is true that the price fails to break below this SMA, then we're going to look for a buy position, also, if price breaks above 252.50, then this will be another good place to look for low risk buy orders.
Buy a bounce from the supportive trend line.
Facebook weekly review
Facebook shares are currently rallying within a contracting wedge formation. As long as price remains within this shape formation, we expect nothing but a possible momentum to the upperside. Technically, we'll be waiting to buy a bounce from the lower trendline and sell a bounce from the upper trendline. A break above the upper trendline will mean we're continuing to the uopperside with the next ideal take profit being 250.00 or even higher. A break below the supportive trendline will push price downwards.
Buy a bounce from the supportive trendline.
Magnit Weekly Review
Since September last year, the shares of this company has been rallying around the support line 3431.2. The shares of this company are in an active downtrend, but while the price is contained above 3431.2, we're hesitant to look for sell orders, rather, we're waiting for a clear breakout below this support to confirm that we're continuing downwards, and overally, while the price is contained below the three simple moving averages, we're looking for long term sell orders.
Sell a break below 3434.2