Buy Facebook Shares | 06 September 2019

 Gazprom weekly review

Buy Facebook Shares

Wave Analysis:
Instead of continuing to the corrective wave (iv) bounced off from the level 206.40 and is currently heading to the upperside. Currently at the time of this forecast, Gazprom is currently consolidating and is not showing any clear signs of continuing to the upperside, as it is on the daily chart, we’re waiting for a clear breakout above 239.10 to pick a long term buy order with an ultimate target at 260.70. On its way upwards the key level to look for include 240.0 and 250.70. If these level are broken, then further momentum towards 270.00 or even higher is expected.
Trade Recommendations:
Wait and buy a break above 239.10.
Facebook weekly review

Buy Facebook Shares

Wave Analysis:
Just recentky, facebook shares bounced off from the level 182.10 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 unfolding of an impulsive wave count and may breakout above 195.50 towards 208.90 or even higher. And on the flip side, should the price break below 182.10, then this will be a good place to consider looking for long term sell orders towards 162.10 or even lower.
Trade Recommendations:
Look for long term buy orders towards 208.90.
GazpromNef Weekly review

Buy Facebook Shares

Wave Analysis:
At the end of July this year, GazpromNef shares started consolidating within a declining channel formation and is still very much bearish both on the daily and the 4 hours chart. As long as the price remains within this channel formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E ) and may break below 406.22 towards 400.00 or even lower. If you’re looking at this chart, look for long term sell order especially if price can break below the supportive trendline.
Trade Recommendations:
Look for long term sell orders towards 406.20.

Bob Stan
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