Weekly Review | 23 Agosto 2019

 Barclays Bank Shares weekly review

Wave Analysis
For almost half of a decade now, the shares of Barclays bank has been on the losing end. Just recently, there was a slight retracement to the upperside but the shares of this company ended up even lower despite this retracements. As long as the price remains below the level 7.45, we expect further momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (iii) to the lowerside and could continue downwards towards 2.00 or even lower. A retracement back towards 7.45 may attract a good long term sell.
Trade Recommendations:
We’re looking for long term sell orders towards 2.00.
FaceBook shares weekly review

Wave Analysis
During the previous trading week, Facebook shares declined steeply but ended up bouncing off from the supportive trendline. As long as the price remains contained within the rising channel formation, We expect nothing but a possible momentum to the upperside. We’re waiting for a clear bounce from the supportive trendline to pick a long term buy. The anticipated buy position should be impulsive in nature and could breakout above 194.00 towards 209.90. A break above this level will push the price even higher towards 300.00.
Trade Recommendations:
Buy a bounce from the supportive trendline towards 209.00.
Gazprom weekly review

Wave Analysis
After an impulsive bullish spike, Gazprom is currently correcting itself to the lowerside. We expect the current bearish price rally to be the continuation of the corrective wave (ii) but should not go beyond the level 204.70. We’re waiting for a breakout above the upper trendline to pick a long term buy, the anticipated bullish price rally is the continuation of the next impulsive wave (iii) and should breakout above the upper trendline towards 260.45 or even higher. The idea is to wait for a breakout above the upper trendline to pick a long risk buy order.
Trade Recommendations:
Waiting for low risk buy order.