Sell Lukoil | 31 July 2020

 Lukoil Weekly Review

Sell Lukoil

Wave Analysis

Last week, Lukoil shares declined steadily but ended recovering just before the close of the week, we expert further momentum to the lower side while the price is held below the alligator indicator attached. On this chart, we are looking for sell positions, the anticipated bearish price rally is the continuation of the impulsive wave (c) and should break below 3468 towards 2516.0 or even lower. And on the other side, should the price break and close above 5617.0, then will  be looking for buy position.

Trade Recommendations:

Remain short towards 3468.0.

Facebook Shares Weekly Review

Wave Analysis

After breaking above the all time high 224.45, Facebook shares continued slightly to the upper side but has now  pulled back to the same trendline. The shares of this company are still in an active up trend. While the price is held above this trend line, we expect the impulsive wave (v) to continue to the upper side and should break above 249.95 towards 250.00 or even higher. If the price can break and close below the same trend line, then we will be expecting further momentum to the lower side towards 173.45.

Trade Recommendations:

As long as the price is above the upper trend line, look for long positions.

Ford Shares Weekly Review

Wave Analysis

For the better parts of this year, Ford shares has been on the loosing end. As long as the price is held below the alligator indicator attached, we expect nothing but a possible momentum to the lower side. We expect the current momentum to the upper side to be the continuation of a correction to the upper side but should not go beyond 8.34. If the impulsive wave (c) fails to break above 8.34, then this will be a good place to consider a possible sell position with an ideal target around 4.30 and could break even lower.

Trade Recommendations:

Expect a possible momentum towards 8.34.

Bob Stan
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