Weekly Review | 30 August 2019

Facebook weekly Review

 Weekly Review

Wave Analysis

During the previous trading week, Facebook shares declined steeply but could not go below the supportive trendline. As long as the price remains above this trendline, we expect nothing but  a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should breakout above 216.05 towards 225.80 or even higher. And on the flip side, should price break below  the supportive trendline, then a bearish momentum towards 118.05 is expected.

Trade Recommendations:

Look for low risk buy orders towards 216.05.

Gazprom weekly review

Weekly Review

Wave Analysis

After spiking massively to the upperside, the shares of this company plunged slightly and is still above the weekly level 170.45 and above the immediate supportive trendline. This is a good buy place and as long as the price remains above these two levels, we expect nothing but a possible momentum to the upperside. As it is on the weekly charts, we're expecting a possible momentum further to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (c) but should not go beyond 170.45.

Trade Recommendations:

Look for low risk sell orders towards 170.45.

Lukoil Weekly review

Weekly Review

Wave Analysis

After an impulsive move to the upperside, the impulsive wave (iii) could not rise above 5922.5. We expect the bounce from 4880.00 to have marked an end to the corrective wave (iv) that the current bullish price rally is the continuation of the impulsive wave (v) and should continue massively to the upperside towards 5922.5 or even higher. If the price breaks above 5922.5, then this will be an ideal place to look for further buy positions towards 6152 or even higher. Only a break below 4865.00 may trigger a buy.

Trade Recommendations:

Look for buy positions towards 5922.5

Bob Stan
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