Weekly Review | 21 June 2019

Boeing Weekly Review

Weekly Review

Wave Analysis

Following the accident experienced by Boeing 737 Max  few months ago, the shares of this company has been in a loosing end. However, for almost 5 years now, the shares of this company has been on the gaining end. We expect the current bearish rally to be a corrective wave count but should not go beyond 289.30. As long as the price remains above this level, we expect further momentum to the upper side in the long run.  The anticipated bullish price rally is the continuation of the impulsive wave (v) and should break above 437.50.

Trade Recommendations:

Rebuy the shares of Boeing around 289.30.

Lukoil Weekly Review

Weekly Review

Wave Analysis

For sometimes now, Lukoil  continues to correct itself to the lowerside. During this week, and possibly in the coming week, we expect further correction to the lowerside but should not go beyond 5011.00. Basically, any bounce from 5011.00, will mark an end to the corrective wave (iv) and should be the beginning of the impulsive wave (v) to the upperside. A breakout above 5953.3 will push the price steeply to the upperside with an ultimate target at 6135 or even higher. Only a break below 5011.0 will push price lower.

Trade Recommendations:

We're waiting for a possible buy order from 5011.00.

Barclays Bank Weekly Review

Weekly Review

Wave Analysis

For almost a year now, the shares of this company has been on the loosing end. As long as the price remains below 8.95, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the both  impulsive waves 5 and (v) and should breakout below 7.00 towards 6.00 or even lower. This view can only be invalidated in case the price bounce from 7.00, if this is the case, then further momentum to the upperside is expected.

Trade Recommendations:

We're looking for a sell order towards 7.00 and could breakout even lower.

Bob Stan
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