Weekly Review | 09 Agosto 2019

FaceBook Weekly Review 

Weekly Review

Wave Analysis

During the previous trading week, facebook shares broke below the supportive trendline and is still pretty much below this level. As long as the price remains below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 187.60 further to the lowerside. As it is on the hourly chart attached only sell positions looks much better and can be recommended.

Trade Recommendations:

Look for sell orders as long as the price remains below the lower trendline.

GazpromNef Weekly Review

Weekly Review

Wave Analysis

During the previous trading  week, the impulsive wave (v) continued to the upperside but ended up closing  few points above its opening price, the shares of this company are still in an active up trend, therefore, as long as the price remains above 405.65, we expect nothing but a possible momentum to the upperside, the idea is to wait for retracements to the lowerside to pick a low risk buy order. Despite the bearish pin bar seen last week, selling the shares of this company looks very risky and cannot be recommended.

Trade Recommendations:

Look for long term buy orders towards 444.15.

Gazprom weekly review

Weekly Review

Wave Analysis

Nothing much happened on the shares of this company, despite the slight decline seen during the previous week, the shares of this company are still in an active uptrend, and while the price is above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) and should break above the recent highest high 252.60 to confirm that we're still upwards towards 259.80 and may extend even higher.

Trade Recommendations:

Look for long term buy orders.

Bob Stan
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