Resell Sberbank shares from 230.95 | 09 August 2019

Gazprom Weekly Review 

Resell Sberbank shares from 230.95

Technical Observation

After spiking above the zone 172.40-180.6, we expect further momentum to the upperside. As it is on the weekly chart attached, we're expecting a possible retracement back to the turncoat support set at 172.40. Conservative traders should expect a possible decline and therefore hold onto sell orders. having a buy limit order fixed around 172.40 looks much better, but looking for a sell now towards the same support is the best idea. Another best place to look for a sell from is around the verified support zone marked above.

Trade Recommendations:

Look for sell orders now with your take profit at 172.40.

GazpromNef Weekly Review

Resell Sberbank shares from 230.95

Technical Observation

Few weeks ago, the shares of this company rose above the zone 41.25-391.45 and is still rallying above it. We expect the shares of this company to plunge  further to the lowerside but should not go below the Turncoat support zone marked above. Conservative traders can wait for retracements back to this zone to pick a low risk buy or  a break below it to pick a low risk sell. On the weekly chart attached, we recommend waiting for a bearish move towards this supportive zone to pick a sell.

Trade Recommendations:

Buy the shares of this company from 391.45.

Sberbank Weekly review

Resell Sberbank shares from 230.95

Technical Observation

After breaking below the zone 230.95-227.20 and is still rallying below this zone. Now that the price is below this zone, we expect this zone to act as a turn resistance  now that the price is below it. Conservative traders should wait for a retracement back towards 230.95 to pick a low risk sell order towards 220.95. And in case the price breaks below the recent lowest low 220.95, then this will be a good place to look for long term sell orders with the next ideal take profits at 200.00.

Trade Recommendations:

Resell Sberbank shares from 230.95

 

Imelda Maseno
Analyst of «FreshForex» company
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