On Thursday last week, the shares of MTS rose above the level 264.35 and is still above the level. The line 264.35 is a key line and as long as the price remains above it, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of both the impulsive wave [c] and (iii) to the upperside and should breakout above 279.07. This view remains true as long as the price remains above 264.35, any close below this level will push the price to the lowerside and should break below 248.58 towards 223.20.
Sberbank Weekly Review:
Wave Analysis:
During this week and possibly in the coming weeks, we expect the shares of this company to remain within the zone 174.19-220.77. As it is, we’re eying a possible bounce from 220.70 to pick a low risk sell order. Any clear rise above 220.77 will mean we’re heading intensely to the upside with the next ideal target being 285.20. You could wait for a break above 220.77 to pick a buy, a bounce from 216.21 will attract a sell and a break below 174.19 will attract a long term sell towards 136.45.
Trade Recommendations:
Sell a bounce from 220.77.
NorlskNic Weekly Review
Wave Analysis:
Since November last year, The shares of this company has been on the gaining end. The end of last year show the shares of this company reach the high of 13,207.60, and has now move even higher. As long as the shares of this company remains above the supportive trendline, we expect a possible momentum to the upperside. As it is, we’re waiting for a clear bounce from the same trendline to pick a low risk buy order. The anticipated bullish price rally is the continuation of the impulsive wave (5) and should rise above 14,578.23.
Trade Recommendations:
We’re looking for a low risk buy order upon a bounce from the lower trendline.
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